Recap: Arconic Q1 Earnings

 

Arconic ARNC reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:45 AM.

Here's what investors need to know about the announcement.

Earnings

Arconic missed estimated earnings by 15.22%, reporting an EPS of $0.39 versus an estimate of $0.46.

Revenue was up $516.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.23 which was followed by a 0.59% drop in the share price the next day.

Here's a look at Arconic's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.48 0.52 0.49 0.27
EPS Actual 0.25 0.15 -0.05 0.46
Revenue Estimate 2.08B 1.94B 1.82B 1.53B
Revenue Actual 2.14B 1.89B 1.80B 1.68B

To track all earnings releases for Arconic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews