Arconic Reports Second Quarter 2019 Results
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Arconic (ARNC) Tops Q2 EPS by 8c, Revenues Beat; Raises FY19 EPS Guidance, Affirms FY19 Revenue Outlook
August 2, 2019 8:03 AM EDTArconic (NYSE: ARNC) reported Q2 EPS of $0.58, $0.08 better than the analyst estimate of $0.50. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.63 billion.
Second Quarter 2019 Highlights
Revenue of $3.7 billion, up 3% year over year; organic revenue1 up 10% year over yearNet loss of $121 million, or $0.27 per share, mainly driven by non-cash asset impairments of $357 million, versus net income of $120 million, or $0.24 per share, in the second... More