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05.11.2019 20:52

Company News: Arconic (ARNC) quarterly earnings beat analysts’ estimate

Arconic (ARNC) reported Q3 FY 2019 earnings of $0.58 per share (versus $0.32 in Q3 FY 2018), beating analysts’ consensus estimate of $0.52.

The company’s quarterly revenues amounted to $3.559 bln (+1.0% y/y), generally in line with analysts’ consensus estimate of $3.586 bln.

The company also issued guidance for FY 2019, projecting EPS of $2.07-2.11 (compared to its prior guidance of $1.95-2.05 and analysts’ consensus estimate of $2.05) and revenues of $14.15-14.35 bln (compared to its prior guidance of $14.3-14.6 bln and analysts’ consensus estimate of $14.38 bln).

ARNC fell to $28.50 (-0.97%) in pre-market trading.


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