Commercial aerospace operator Spirit AeroSystems Holdings, Inc. [SPR] announced first quarter net income of $81 million or $0.57 per share, compared to net income of $74 million or $0.52 per share last year. Excluding severe weather expese, earnings were $0.61 per share.
On average, 18 analysts polled by Thomson Reuters expected earnings per share of $0. 46 for the quarter. Analysts' estimates typically exclude one-time items.
Revenues for the quarter increased 14 percent to $1.442 billion from 1.266 billion a year ago. Analysts were looking for $1.41 billion.
The company said it expects its core programs continue to be consistent with its guidance.
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