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.

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Also Read:  C Earnings: All you need to know about Citigroup Q3 2020 earnings results

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