Company News: Arconic (ARNC) quarterly results beat analysts’ expectations

Market news

5 February 2018

Company News: Arconic (ARNC) quarterly results beat analysts’ expectations

Arconic (ARNC) reported Q4 FY 2017 earnings of $0.31 per share (versus $0.12 in Q4 FY 2016), beating analysts' consensus estimate of $0.24.

The company's quarterly revenues amounted to $3.271 bln (+10.2% y/y), beating analysts' consensus estimate of $3.085 bln.

The company issued mixed guidance for FY 2018, projecting EPS of $1.45-1.55 (versus analysts' consensus estimate of $1.58) at revenues of $13.4-13.7 bln (versus analysts' consensus estimate of $13.05 bln).

ARNC fell to $28.80 (-1.06%) in pre-market trading.

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