Spirit AeroSystems (SPR) Misses Q4 EPS by 86c

Spirit AeroSystems (NYSE: SPR) reported Q4 EPS of $0.79, $0.86 worse than the analyst estimate of $1.65. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.95 billion.

• Announcement by Boeing to decrease 787 production rate to 10 aircraft per month resulted in $34 million forward loss due to fixed cost absorption

2020 Outlook

Given the continued uncertainty surrounding the timing of return to service of the 737 MAX, Spirit will not be providing guidance at this time.

For earnings history and earnings-related data on Spirit AeroSystems (SPR) click here.

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