Spirit AeroSystems stock slides 5% premarket after company posts wider-than-expected quarterly loss

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Spirit AeroSystems Holdings Inc. stock slid 5% in premarket trade Tuesday, after the aerospace company posted a wider-than-expected loss for the fourth...

Spirit AeroSystems Holdings Inc. stock SPR slid 5% in premarket trade Tuesday, after the aerospace company posted a wider-than-expected loss for the fourth quarter amid supply chain snafus and labor shortages. The company had a net loss of $243 million, or $2.32 a share, for the quarter , after a loss of $120 million, or $1.15 a share, in the year-earlier period. The company’s adjusted per-share loss came to $1.46, far wider than the loss of 12 cents that was called for by FactSet.

32 a share, for the quarter , after a loss of $120 million, or $1.15 a share, in the year-earlier period. The company’s adjusted per-share loss came to $1.46, far wider than the loss of 12 cents that was called for by FactSet. Revenue rose 23% to $1.320 billion, also short of the $1.424 billion FactSet consensus. Chief Executive Tom Gentile said it was a challenging year for the entire industry.

 

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