|Bid||28.76 x 1100|
|Ask||28.93 x 800|
|Day's Range||28.32 - 29.30|
|52 Week Range||5.80 - 29.95|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||18.35|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.00|
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Arconic Inc. shares were slightly lower in premarket trade Thursday, after the maker of aluminum products for planes and cars posted a smaller-than-expected third-quarter profit but beat revenue estimates. Arconic said it had net income of $5 million, or 5 cents a share, in the quarter, after a loss of $24 million, or 22 cents a share, in the year-earlier period. Sales fell to $1.415 billion from $1.805 billion. The FactSet consensus was for EPS of 14 cents and sales of $1.389 billion. "The steps we took to strengthen our financial position combined with the strong recovery of automotive demand and our employees' hard work enabled us to end the temporary salary reductions and reinstate the 401k match for all impacted employees," Chief Executive Tim Myers said in a statement, referring to measures taken to combat the effects of the coronavirus pandemic. The company is now expecting full-year sales to range from $5.6 billion to $5.7 billion, compared with a current FactSet consensus of $5.8 billion. Shares
Arconic Corporation (NYSE: ARNC) ("Arconic" or "the Company") today announced third quarter 2020 results, with reported revenue of $1.4 billion, up 19% from the prior quarter due to strength in automotive end-market volumes which recovered fully from the second quarter and exceeded third quarter 2019 levels. Year over year, revenues were down 22% reflecting weaker volumes across all end markets other than automotive primarily due to the impact of the pandemic. The Company reported net income of $5 million, or $0.05 per share, in third quarter 2020 compared with a net loss of $24 million, or $0.22 per share, in third quarter 2019.