(Reuters) - Spirit AeroSystems Holdings Inc reported a quarterly loss on Tuesday, hurt by fewer aircraft part shipments to top customers Boeing Co and Airbus SE following a slump in demand for air travel due to the COVID-19 pandemic.
The company posted a loss of $295.9 million, or $2.85 per share, in the fourth quarter ended Dec. 31, compared with a profit of $67.7 million, or 65 cents per share, a year earlier.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shounak Dasgupta)
This article has been provided by a DearWallstreet contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of DearWallstreet.
Dear Wallstreet is an exclusive news service dedicated to display engaging financial media with a focus on capital markets. For more information about our company's mission statement, write firstname.lastname@example.org
The content on this site is not a solicitation to buy or sell securities and should be regarded as "entertainment use only". Each content provider featured on DearWallstreet.com has their own opinion and bias and may not share similar views as DearWallstreet.com. DearWallstreet.com is not a registered financial advisor, or registered financial advisory firm. Any statement or opinion presented on DearWallstreet.com should be considered "as is" without warranties of any kind either expressed or implied, and should NOT be considered investment advice. By using this site, you agree to the terms presented in our Full Disclosure & Disclaimer Page.
Subscribe for Email Updates
Enter your email to receive the latest headlines and stock alerts to your inbox: