Spirit AeroSystems Expects Q3 Net Revenues $1.43B-$1.45B, Cost Of Sales $1.49B-$1.50B, Gross Loss Of $(50)M-$(60)M
Portfolio Pulse from Benzinga Newsdesk
Spirit AeroSystems expects its Q3 net revenues to be between $1.43 billion and $1.45 billion. However, the cost of sales is projected to be between $1.49 billion and $1.50 billion, resulting in a gross loss of $50 million to $60 million.
October 18, 2023 | 11:43 am
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Spirit AeroSystems is expecting a gross loss in Q3 due to higher cost of sales compared to net revenues. This could negatively impact the company's stock price.
Spirit AeroSystems' projected gross loss for Q3 indicates that the company's expenses are exceeding its revenues. This could lead to a decrease in profitability, which is often a negative signal to investors and could result in a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100