Spirit AeroSystems Hldgs Q3 Adj EPS $(1.42) Misses $(1.39) Estimate, Sales $1.44B Miss $1.49B Estimate
Portfolio Pulse from Benzinga Newsdesk
Spirit AeroSystems Hldgs (NYSE:SPR) reported Q3 adjusted losses of $(1.42) per share, missing the analyst consensus estimate of $(1.39) by 2.16 percent. This is a 846.67 percent increase in losses from the same period last year. The company also reported quarterly sales of $1.44 billion, missing the analyst consensus estimate of $1.49 billion by 3.42 percent, but marking a 12.69 percent increase over sales from the same period last year.
November 01, 2023 | 11:33 am
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NEGATIVE IMPACT
Spirit AeroSystems' Q3 results missed estimates, with increased losses and lower-than-expected sales. This could negatively impact the company's stock price in the short term.
Spirit AeroSystems' Q3 results missed analyst estimates, with losses per share increasing significantly from the same period last year and sales also missing estimates. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100