Sterne Agee Downgrades Spirit AeroSystems (SPR) to Neutral
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Spirit AeroSystems (SPR) Dips as Executives Discuss Q3 Charges, Settlement, EPS Impact
October 25, 2012 12:28 PM EDTSpirit 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... More
Buckingham Research Downgrades Spirit AeroSystems (SPR) to Neutral
October 25, 2012 11:47 AM EDTBuckingham Research downgraded Spirit AeroSystems (NYSE: SPR) from Buy to Neutral.
For an analyst ratings summary and ratings history on Spirit AeroSystems click here. For more ratings news on Spirit AeroSystems click here.
Shares of Spirit AeroSystems are down 23 percent after its third quarter update.... More
Spirit AeroSystems (SPR) Slammed Following Q3 Update; No Longer Expects to Meet Cost Targets
October 25, 2012 11:44 AM EDTSpirit AeroSystems Holdings, Inc. (NYSE: SPR) is getting clobbered Thursday following an updated to its guidance issued ahead of the bell.
Spirit said it would record about $590 million in total charged for the third quarter, from various programs such as the 787 and G650 initiatives. The company also noted it settled an insurance claim from an April storm at its Kansas facility.
Shares are down over 23 percent on heavy volume today.
The release is below:
"[Spirit AeroSystems Holdings, Inc.] expects to record pre-tax charges of approximately $184 million on the... More
