Spirit Aerosystems Holdings Inc. (SPR) on Wednesday reported a first-quarter loss of $163 million, after reporting a profit in the same period a year earlier.
The Wichita, Kansas-based company said it had a loss of $1.57 per share. Losses, adjusted for non-recurring costs and restructuring costs, were 79 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.42 per share.
The aircraft parts maker posted revenue of $1.08 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $973.4 million.
Spirit Aerosystems shares have decreased 74% since the beginning of the year. The stock has fallen 78% in the last 12 months.





