Arconic Inc. Reports Increase In Q1 Earnings

Arconic Inc. (ARNC) reported earnings for its first quarter that climbed from last year.

The company's bottom line came in at $52 million, or $0.48 per share. This compares with $46 million, or $0.42 per share, in last year's first quarter.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.7% to $1.67 billion from $1.61 billion last year.

Arconic Inc. earnings at a glance:

-Earnings (Q1): $52 Mln. vs. $46 Mln. last year.
-EPS (Q1): $0.48 vs. $0.42 last year.
-Analysts Estimate: $0.27
-Revenue (Q1): $1.67 Bln vs. $1.61 Bln last year.

Full year revenue guidance: $7.1 - $7.4 Bln

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