Market Overview

Arconic Reports Q4 Earnings Miss

Share:

Arconic (NYSE: ARNC) reported quarterly earnings of 53 cents per share on Monday, which missed the analyst consensus estimate of 54 cents by 1.85%. This is a 60.61% increase over earnings of 33 cents per share from the same period last year.

The company reported quarterly sales of $3.401 billion, which missed the analyst consensus estimate of $3.47 billion by 1.99%. This is a 2.04% decrease over sales of $3.472 billion the same period last year.

Arconic sees fiscal year 2020 EPS of $2.22-2.42 versus the $2.37 analyst estimate and sees sales of $13.9 billion-14.2 billion versus the $14.16 billion estimate.

Arconic shares closed Friday's session down 1.42% at $29.11. The stock has a 52-week high of $31.98 and a 52-week low of $16.66.

Posted-In: Earnings News Guidance

 

Related Articles (ARNC)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com