Arconic Inc. (ARNC) released earnings for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $42 million, or $0.39 per share. This compares with $52 million, or $0.46 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 30.4% to $2.19 billion from $1.68 billion last year.
Arconic Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $42 Mln. vs. $52 Mln. last year.
-EPS (Q1): $0.39 vs. $0.46 last year.
-Analyst Estimates: $0.46
-Revenue (Q1): $2.19 Bln vs. $1.68 Bln last year.
-Guidance:
Full year revenue guidance: $10.1 - $10.5 Bln
For comments and feedback contact: editorial@rttnews.com