Spirit AeroSystems Hldgs Q2 2024 Adj. EPS $(2.73) Misses $(0.90) Estimate, Sales $1.500B Miss $1.593B Estimate
Portfolio Pulse from Benzinga Newsdesk
Spirit AeroSystems Holdings (NYSE:SPR) reported a significant miss in its Q2 2024 earnings, with an adjusted EPS of $(2.73) compared to the $(0.90) estimate. Sales also fell short at $1.500 billion versus the $1.593 billion estimate, although this represents a 9.89% increase from the same period last year.
August 05, 2024 | 8:15 pm
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Spirit AeroSystems Holdings reported a significant miss in its Q2 2024 earnings, with an adjusted EPS of $(2.73) compared to the $(0.90) estimate. Sales also fell short at $1.500 billion versus the $1.593 billion estimate, although this represents a 9.89% increase from the same period last year.
The significant miss in both EPS and sales estimates is likely to negatively impact the stock price in the short term. Despite the year-over-year sales increase, the market is expected to react unfavorably to the large earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100