20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported third-quarter operating revenue growth of 22% year-over-year to $980 million, missing the consensus of $1.02 billion.
- Sales by segments: Fuselage Systems $481.2 million (+14.3% Y/Y), Propulsion Systems $247.8 million (+45.1% Y/Y), Wing Systems $243 million (+44.4% Y/Y).
- The revenue increase reflects higher production deliveries on the Boeing Co (NYSE:BA) 737 and increased revenue from the recently acquired A220 wing and Bombardier Inc (OTC:BDRAF) programs.
- Spirit AeroSystems delivered 250 shipsets versus 206 last year.
- Adjusted loss per share was $(1.13), versus $(1.34) in 3Q20, missing consensus of $(0.77).
- The operating loss narrowed to $(156.6) million from $(176.9) million a year ago.
- The company's backlog at the end of the quarter was ~$33 billion.
- Spirit AeroSystems generated cash from operating activities year-to-date of $13.3 million versus $612.8 million used a year ago. Free cash flow was $(77) million.
- Beginning with the 2021 fiscal year-end, Spirit will report results in the Commercial, Defense & Space, and Aftermarket segments.
- The company's cash guidance is unchanged for full-year 2021.
- Price Action: SPR shares are trading lower by 5.13% at $40.28 during the premarket session on Wednesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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