Why Spirit Aerosystems (SPR) Is Down Today

NEW YORK (TheStreet) -- Spirit Aerosystems (SPR) fell 18.3% to $27.02 Thursday after reporting a loss in its fourth-quarter earnings report.

For its fourth quarter, Spirit posted a net loss of $587 million, or $4.15 a share, compared to a profit of $61 million, or 43 cents a share, in the year-ago quarter. Revenue rose 5% in the quarter to $1.49 billion.

The loss in the quarter is partly due to a $546 million charge related to its Boeing (BA) 787 program. Spirit produces the fuselage for the Boeing 787 Dreamliner.

Looking ahead, Spirit said it expects earnings between $2.50 and $2.65 a share for 2014. Analysts estimate earnings of $2.68 a share for the year.

Must read: Spirit AeroSystems Holdings (SPR) Is Today's Water-Logged And Getting Wetter Stock

TheStreet Ratings team rates SPIRIT AEROSYSTEMS HOLDINGS as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate SPIRIT AEROSYSTEMS HOLDINGS (SPR) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

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