Categories Earnings, Other Industries

Arconic Inc. (NYSE: ARNC): Q3 2019 Earnings Snapshot

— Arconic Inc. (NYSE: ARNC) reported adjusted earnings of $0.58 per share for the third quarter of 2019, vs. $0.52 per share expected.

— Unadjusted net income was $95 million, or $0.21 per share, versus $161 million, or $0.32 per share, in the third quarter of 2018

— Reported revenues of $3.6 billion, representing a 1% year-over-year increase, vs. $3.58 billion expected; organic revenue up 6%

— Engineered Products and Forgings revenues grew 7% to $1.8 billion, while Global Rolled Products revenue dropped 4% to $1.8 billion

— Expects full-year revenues between $14.15 billion and $14.35 billion, down from the previous outlook of $14.3 billion to $14.6 billion

— Raises adjusted earnings per share guidance to the range of $2.07-$2.11  from the earleir outlook of $1.95-$2.05

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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