Spirit Aerosystems: 4Q Earnings Snapshot
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.