Why Spirit AeroSystems (SPR) Stock Is Spiking Today

NEW YORK (TheStreet) -- Shares of Spirit AeroSystems Holdings  (SPR) are spiking, up 9.7% to $35.73 today, after reporting second quarter 2014 financial results that showed net income of $143.4 million, or $1.01 per share, compared with a loss of -$209.4 million, or -$1.47 per share, one year ago.

The aircraft parts company's second quarter 2014 revenue was 19% higher at $1.8 billion, up from $1.5 billion for the same period of 2013, helped by higher deliveries.

More from Markets

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note

Howard Schultz to Jim Cramer: Starbucks Stock Is Cheap and Undervalued

Howard Schultz to Jim Cramer: Starbucks Stock Is Cheap and Undervalued