Spirit Aerosystems: 2Q Earnings Snapshot

August 1, 2018

WICHITA, Kan. (AP) _ Spirit Aerosystems Holdings Inc. (SPR) on Wednesday reported second-quarter net income of $145.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Wichita, Kansas-based company said it had net income of $1.31. Earnings, adjusted for costs related to mergers and acquisitions, were $1.63 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The aircraft parts maker posted revenue of $1.84 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.86 billion.

Spirit Aerosystems expects full-year earnings in the range of $6.25 to $6.50 per share, with revenue in the range of $7.1 billion to $7.2 billion.

Spirit Aerosystems shares have increased roughly 7 percent since the beginning of the year. The stock has climbed 54 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPR at https://www.zacks.com/ap/SPR

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