Spirit Aerosystems Holdings Inc. (SPR) reported a fourth-quarter loss of $295.9 million on Tuesday, after reporting a profit a year earlier in the same period.
It had a loss of $2.85 per share, the Wichita, Kansas-based company said. Losses, adjusted for mergers and acquisitions related pretax expenses and costs, came to $1.31 per share.
The findings did not match Wall Street standards. Zacks Investment Research’s average prediction of seven analysts surveyed was a loss of 67 cents per share.
In the period, the aircraft parts manufacturer posted revenue of $876.6 million, also missing street forecasts. $909.5 million was forecast by four analysts surveyed by Zacks.
The company reported a $870.3 million loss for the year, or $8.38 per share, swinging to a loss in the period. The revenue was stated to be 3.4 billion dollars.
Since the beginning of the year, Spirit Aerosystems’ shares have increased by slightly more than 9 percent. In the last 12 months, the stock has fallen 34 percent.
