Spirit Aerosystems: 2Q Earnings Snapshot
WICHITA, Kan. (AP) _ Spirit Aerosystems Holdings Inc. (SPR) on Wednesday reported second-quarter net income of $168 million.
The Wichita, Kansas-based company said it had profit of $1.61 per share. Earnings, adjusted for non-recurring costs, were $1.71 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.
The aircraft parts maker posted revenue of $2.02 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.98 billion.
Spirit Aerosystems shares have climbed slightly more than 5% since the beginning of the year. The stock has fallen 16% in the last 12 months.