Arconic Reports Fourth Quarter and Full Year 2016 Results
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Elliott Management Nominates Five Director Candidates to Board of Arconic (ARNC)
January 31, 2017 4:59 PM ESTElliott Management Corporation (Elliott), which manages funds that collectively beneficially own 10.5% (12.1% economic ownership) of the common stock and equivalents of Arconic, Inc. (NYSE: ARNC) (Arconic or the Company), today announced in a presentation to Arconic shareholders that it has nominated five independent, highly qualified nominees to the Companys Board (the Shareholder Nominees).
In addition, Elliott announced the engagement of former Spirit AeroSystems, Inc. (NYSE: SPR) CEO Larry Lawson as a consultant. During Mr. Lawsons tenure at Spirit, the company outperformed the S&P 500 by an average of 34%... More
Arconic (ARNC) Misses Q4 EPS by 1c, Offers Guidance
January 31, 2017 4:11 PM ESTArconic (NYSE: ARNC) reported Q4 EPS of $0.12, $0.01 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $2.97 billion versus the consensus estimate of $3 billion.
GUIDANCE:
Arconic sees Q1 2017 revenue of $11.8-12.4 billion, versus the consensus of... More
