Arconic Inc Stock News

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Arconic Corporation (ARNC) CEO Tim Myers on Q4 2021 Results - Earnings Call Transcript

Arconic Earnings Miss, Revenue Beats In Q4

Arconic (ARNC) delivered earnings and revenue surprises of -44.44% and 2.14%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Arconic (ARNC) +0.3% pre-market after reporting a narrower Q4 loss than in the same quarter last year, although the $0.36/share result may not be comparable to the $0.49/share…

Aluminum maker Arconic Corp. reported a narrower fourth-quarter net loss and revenue that rose above expectations, as higher aluminum prices and growth in packaging, industrial and ground transportation volumes helped offset higher costs. The stock was still inactive in the premarket. The net loss narrowed to $38 million, or 36 cents a share, from $64 million, or 59 cents a share, in the year-ago period. The results included a goodwill impairment charge of $65 million. The company did not provide an adjusted earnings per share figure that is comparable to the FactSet consensus. Sales grew 46.2% to $2.14 billion, above the FactSet consensus of $2.10 billion. Cost of goods sold growth outpaces sales growth, rising 52.2% to $1.90 billion, to lower gross margin to 11.2% from 14.6%. For 2022, the company expects revenue of $9.9 billion to $10.3 billion, above the FactSet consensus of $8.7 billion. The stock has gained 3.0% over the past three months while the S&P 500 has lost 6.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Arconic press release (ARNC): Q4 GAAP EPS of -$0.36 misses by $0.85.Revenue of $2.1B (+40.0% Y/Y) in-line.Tim Myers, Chief Executive Officer, said, “While 2022 is starting with…

PITTSBURGH--(BUSINESS WIRE)--Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”) today reported fourth quarter 2021 and full year 2021 results. Fourth Quarter 2021 Results The Company reported revenue of $2.1 billion, up 13% from the prior quarter, due to higher aluminum prices and growth in packaging, industrial, and ground transportation volumes. The Company reported a net loss of $38 million, or $0.36 per share, in fourth quarter 2021 compared with a net loss of $64 million, or $0.

Arconic (ARNC) delivered earnings and revenue surprises of -44.44% and 2.14%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Aluminum maker Arconic Corp. ARNC, -2.78% reported a narrower fourth-quarter net loss and revenue that rose above expectations, as higher aluminum prices and growth in packaging, industrial and ground

Arconic (NYSE:ARNC) is scheduled to announce Q4 earnings results on Friday, February 18th, before market open.The consensus EPS Estimate is $0.48 (+181.4% Y/Y) and the consensus…

Reliance Steel (RS) delivered earnings and revenue surprises of 32.11% and 2.95%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) will hold a webcast and teleconference to discuss fourth quarter 2021 and full year 2021 financial results