Spirit AeroSystems (SPR) Dips as Executives Discuss Q3 Charges, Settlement, EPS Impact
Tweet
Share
E-mailGet Alerts SPR Hot Sheet
Join SI Premium – FREE
Spirit AeroSystems Holdings Inc. Cl A (NYSE: SPR) is continuing lower as management issues comments on previously updated expectations for third-quarter impairments.
The company said the majority of the charge is forward-looking costs. The 787 charge is related to wing components. The company had to delay some Boeing (NYSE: BA) 787 shipments.
The company is meeting agreed-to deliveries on 787.
In all, the charges and settlement have a $1.82 EPS impact.
CEO Jeff Turner and CFO Philip Anderson spoke on the call today. Shares are down 30 percent, from being down 23 percent earlier.
The company said the majority of the charge is forward-looking costs. The 787 charge is related to wing components. The company had to delay some Boeing (NYSE: BA) 787 shipments.
The company is meeting agreed-to deliveries on 787.
In all, the charges and settlement have a $1.82 EPS impact.
CEO Jeff Turner and CFO Philip Anderson spoke on the call today. Shares are down 30 percent, from being down 23 percent earlier.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
- Applied Materials (AMAT) Tops Q3 EPS by 10c, Offers Guidance
- Shotspotter (SSTI) Misses Q2 EPS by 19c; Offers Guidance
Create E-mail Alert Related Categories
Guidance, Momentum MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
