Categories Earnings, LATEST, Other Industries

Arconic Inc (ARNC): Q4 2019 Earnings Snapshot

—  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.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top