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Arconic Inc. Q4 Loss decreases, but misses estimates

Arconic Inc. (ARNC) released Loss for fourth quarter that decreased from last year but missed the Street estimates.

The company's bottom line came in at -$38 million, or -$0.36 per share. This compares with -$64 million, or -$0.59 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 46.6% to $2.14 billion from $1.46 billion last year.

Arconic Inc. earnings at a glance (GAAP) :

-Earnings (Q4): -$38 Mln. vs. -$64 Mln. last year.
-EPS (Q4): -$0.36 vs. -$0.59 last year.
-Analyst Estimates: $0.48
-Revenue (Q4): $2.14 Bln vs. $1.46 Bln last year.

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