Spirit Aerosystems: 1Q Earnings Snapshot

May 01, 2019 - 8:12 am

Spirit Aerosystems Holdings Inc. (SPR) on Wednesday reported first-quarter net income of $163.1 million.

The Wichita, Kansas-based company said it had profit of $1.55 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.68 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.

The aircraft parts maker posted revenue of $1.97 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.94 billion.

Spirit Aerosystems shares have risen 21% since the beginning of the year. The stock has increased 8% in the last 12 months.

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