Arconic Inc. Q1 Profit Retreats, misses estimates

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.

Full year revenue guidance: $10.1 - $10.5 Bln

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