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

Market news

31 July 2018

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

Arconic (ARNC) reported Q2 FY 2018 earnings of $0.37 per share (versus $0.32 in Q2 FY 2017), beating analysts' consensus estimate of $0.29.

The company's quarterly revenues amounted to $3.573 bln (+9.6% y/y), beating analysts' consensus estimate of $3.492 bln.

The company also reaffirmed guidance for FY 2018, projecting EPS of $1.17-1.27 versus analysts' consensus estimate of $1.23 and revenues of $13.7-14.0 bln versus analysts' consensus estimate of $13.85 bln.

ARNC rose to $21.65 (+3.79%) in pre-market trading.

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