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

Market news

30 October 2018

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

Arconic (ARNC) reported Q3 FY 2018 earnings of $0.32 per share (versus $0.25 in Q3 FY 2017), beating analysts' consensus estimate of $0.30.

The company's quarterly revenues amounted to $3.524 bln (+8.9% y/y), beating analysts' consensus estimate of $3.481 bln.

The company also raised FY 2018 EPS guidance to $1.28-1.34 from $1.17-1.27 (versus analysts' consensus estimate of $1.31) and reaffirmed FY 2018 revenues guidance at $13.70-14.00 bln (versus analysts' consensus estimate of $13.94 bln).

ARNC rose to $19.75 (+2.76%) in pre-market trading.

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