Why Spirit Aerosystems Stock Is Soaring 16%
Shares of airplane-parts supplier Spirit AeroSystems Holdings (NYSE: SPR) are up 16.1% as of 2:30 p.m. EDT.
Wednesday is sort of a bad news, good news, great news day for Spirit. On the bad news front, the company just reported a big second-quarter loss of $0.48 per share on sales of $1.8 billion.
The good news, however, is that this is less than Wall Street had expected Spirit to lose.
Source: Fool.com
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