Arconic Reports Third Quarter 2019 Results

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Go back to Arconic Reports Third Quarter 2019 Results

Arconic (ARNC) PT Raised to $34 at Jefferies

November 6, 2019 1:12 PM EST

Jefferies analyst Christopher LaFemina raised the price target on Arconic (NYSE: ARNC) to $34.00 (from $30.00) while maintaining a Buy rating.

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Arconic (ARNC) Tops Q3 EPS by 6c; Raises FY19 EPS Guidance Above Consensus, Lowers FY19 Revenue Views Below Consensus

November 5, 2019 6:33 AM EST

Arconic (NYSE: ARNC) reported Q3 EPS of $0.58, $0.06 better than the analyst estimate of $0.52. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.58 billion.

Third Quarter 2019 Highlights

Revenue of $3.6 billion, up 1% year over year; organic revenue1 up 6% year over yearNet income of $95 million, or $0.21 per share, which included non-cash asset impairments of $108 million, versus net income of $161 million, or $0.32 per share, in the third quarter... More