Arconic Inc. Updates Outlook

(Adds Outlook)

Arconic Inc. (ARNC) updated its annual outlook, now expecting revenue of $9.0 billion to $9.3 billion versus its earlier expectation of $9.2 billion to $9.5 billion.

This assumes LME aluminum price of $2,300/mt and Midwest Premium of $550/mt.

Analysts expect revenue fo $9.05 billion for the year.

Below are the Q3 earnings highlights for Arconic Inc. (ARNC):

Earnings: -$65 million in Q3 vs. $16 million in the same period last year.
EPS: -$0.64 in Q3 vs. $0.15 in the same period last year.
Analysts projected $0.24 per share
Revenue: $2.28 billion in Q3 vs. $1.89 billion in the same period last year.

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