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Spirit Aerosystems’ stock up premarket after adjusted loss is narrower than expected

Clyde Edgerton by Clyde Edgerton
November 1, 2023
in Markets
Spirit Aerosystems’ stock up premarket after adjusted loss is narrower than expected
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Spirit AeroSystems Holdings Inc.’s SPR said Wednesday it had a net loss of $204 million, or $1.94 a share, in the third quarter, wider than the loss of $128 million, or $1.22 a share, posted in the year-earlier period. The company’s adjusted loss came to $1.42 a share, narrower than the $1.54 loss forecast by FactSet analysts. Revenue rose 13% to $1.439 billion from $1.277 billion, below the $1.462 billion FactSet consensus. The company said the agreement it reached with Boeing in October to smooth out production issues will be reflected in its fourth-quarter earnings. The aircraft components maker and Boeing BA  agreed…

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