Spirit Aerosystems: 4Q Earnings Snapshot

February 1, 2019

WICHITA, Kan. (AP) _ Spirit Aerosystems Holdings Inc. (SPR) on Friday reported fourth-quarter net income of $177.6 million.

On a per-share basis, the Wichita, Kansas-based company said it had profit of $1.68. Earnings, adjusted for non-recurring costs, came to $1.85 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.

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

For the year, the company reported profit of $617 million, or $5.65 per share. Revenue was reported as $7.22 billion.

Spirit Aerosystems expects full-year earnings in the range of $7.35 to $7.60 per share, with revenue in the range of $8 billion to $8.2 billion.

Spirit Aerosystems shares have risen 16 percent since the beginning of the year. The stock has fallen 19 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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