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Arconic (ARNC) Q4 Earnings and Revenues Top Estimates

Arconic Inc. ARNC is a global leader in multi-material, precision engineered products and solutions for a variety of industries.

Earnings

Arconic’s adjusted earnings for the fourth quarter came in at 31 cents per share. The figure beat the Zacks Consensus Estimate of 24 cents.

Revenues

Arconic reported revenues of $3,271 million, up around 10.2% year over year, which surpassed the Zacks Consensus Estimate of $3,070.5 million.

Arconic Inc. Price and EPS Surprise

Arconic Inc. Price and EPS Surprise | Arconic Inc. Quote

Estimate Trend & Surprise History

Investors should note that the earnings estimate for Arconic for the fourth quarter and full year have been going down over the past month. The company has beaten the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average beat of around 13.1%.

Key Developments to Note

Arconic issued its full-year 2018 guidance. The company expects revenues for 2018 in the range of $13.4 billion to $13.7 billion. It also sees adjusted earnings to be in the range of $1.45-$1.55 per share and free cash flow to be around $500 million.

Zacks Rank

Currently, Arconic has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.

Market Reaction

Arconic’s shares were down 4.5% in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on Arconic’s earnings report!

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