— Arconic Inc (NYSE: ARNC) reported earnings of $0.53 per share for the fourth-quarter 2019, vs. $0.54 per share expected. — Net revenue slid 2% $3.40 billion, vs. $3.48 billion expected, hurt by weakness in the automotive, commercial transportation, and building and construction markets. — For FY2020, expects revenue of $13.9-$14.2 billion, adjusted EPS of […]
“— Arconic Inc (NYSE: ARNC) reported earnings of $0.53 per share for the fourth-quarter 2019, vs. $0.54 per share expected. — Net revenue slid 2% $3.40 billion, vs. $3.48 billion expected, hurt by weakness in the automotive, commercial transportation, and building and construction markets. — For FY2020, expects revenue of $13.9-$14.2 billion, adjusted EPS of […]
· January 27, 2020
— Arconic Inc (NYSE: ARNC) reported earnings of $0.53 per share for the fourth-quarter 2019, vs. $0.54 per share expected.
— Net revenue slid
2% $3.40 billion, vs. $3.48 billion expected, hurt by weakness in the
automotive, commercial transportation, and building and construction markets.
— For FY2020, expects revenue of $13.9-$14.2 billion, adjusted EPS of $2.22-$2.42, and adjusted free cash flow of $800-$900 million.
— For 1Q20, projects adj. EPS of $0.47-$0.53.
— ARNC stock ended its last trading session down 1.4% on Friday.
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