Spirit to ramp up robotics to reduce 737 fuselage problems
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Spirit AeroSystems (SPR) guidance delayed, company waits for clarity on 737 MAX production rate
February 6, 2024 11:04 AM ESTSpirit AeroSystems (NYSE: SPR) reported its latest quarterly earnings on Tuesday, sending its shares more than 2% higher, but the company did not provide guidance due to uncertainty on the timing of 737 MAX production rate increases.
The company reported fourth-quarter earnings of $0.48, $0.88 better than the analyst estimate of a loss of ($0.40). Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.74 billion.
However,... More
