Spirit Aero down after Q1 revenue falls on slower Boeing production

Aerospace supplier Spirit AeroSystems' SPR.N shares fall 2% to $35 premarket

Co posts drop in Q1 revenue, hurt by slower production across most programs at its key customer Boeing BA.N

SPR's Q1 net revenue fell 11% to $1.52 bln

SPR reports Q1 net loss of $613 mln, or $5.21 per share, compared with a loss of $617 mln, or $5.31 per share, a year earlier

Spirit did not provide an outlook for 2025, citing its pending merger with Boeing

2 of 14 brokerages rate stock "buy", 12 "hold"; their median PT is $37

As of last close, stock had risen 5.5% YTD