Spirit AeroSystems Swings to Q4 Adjusted Loss, Revenue Falls; Guidance Withheld Pending Merger Deal

MT Newswires Live

03-01

Spirit AeroSystems (SPR) reported a Q4 adjusted net loss late Friday of $4.22, swinging from earnings of $0.62 a year earlier.

Analysts polled by FactSet expected a loss of $2.09 per share.

Revenue for the quarter ended Dec. 31 was $1.65 billion, down from $1.81 billion a year earlier.

Analysts surveyed by FactSet expected $1.53 billion.

Spirit did not provide any outlook pending its merger with Boeing (BA) and said that "substantial doubt" exists regarding its ability to continue as a going concern.

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