Spirit AeroSystems (SPR, Financial) saw its stock price fall by 2.3%, reaching $31.9. The drop comes after the company reported its third-quarter earnings, which missed analyst expectations. Revenue for the quarter was $1.47 billion, a 2% increase from the previous year, but below the anticipated $1.67 billion. Net losses were significantly higher than expected at $477 million, compared to the forecasted loss of $204 million. Additionally, the adjusted loss per share was $3.03, while analysts predicted a loss of $0.61 per share.
The company warned that if a Boeing strike continues into November or beyond, it could face financial pressure leading to potential layoffs and further operational shutdowns.
