6 February 2024
WICHITA, Kan. (AP) – Spirit AeroSystems on Tuesday reported fourth-quarter earnings of $58.7 million.
The Wichita-based company said it had a profit of 52 cents per share. Earnings, adjusted for non-recurring gains, were 48 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The aircraft parts maker posted revenue of $1.81 billion in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $1.74 billion.
For the year, the company reported a loss of $632.9 million, or $5.94 per share. Revenue was reported as $6.05 billion.