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Spirit Aerosystems' Earnings Fall Short Of Projections
Spirit missed what analysts projected for 2010 profits.
Reporter: Chris Frank Email Address: chris.frank@kake.com |
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Thursday, February 4, 2010
Spirit Aerosystems today released fourth quarter and year end financial results for 2009. Spirit missed what analysts projected for 2010 profits.
Spirit is predicting roughly 18 cents a share lower than projections. "I'm disappointed with our fourth quarter and full year results", said Spirit CEO Jeff Turner. "We've fallen short of our projections.
News of the reports sent Spirit's stock tumbling. The price of a share of stock dropped nearly 17 percent.
Spirit Aerosystems is Wichita's largest employer.
To see the full financial report click on related links.
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