Spirit AeroSystems (SPR) Tops Q2 EPS by 15c; Updates FY16 Outlook

Spirit AeroSystems (NYSE: SPR) reported Q2 EPS of $1.21, $0.15 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.69 billion.

Spirit reaches comprehensive long-term agreement with Airbus and extends A350 XWB block size to 800 shipsets

GUIDANCE:

Spirit AeroSystems sees FY2016 EPS of $3.45-$3.65, versus the consensus of $4.49. Revised guidance reflects $0.86 per share impact for one-time items which includes an additional net forward-loss of $135.7 million on the A350 XWB program

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

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