Howmet Aerospace (HWM) Tops Q4 EPS by 7c; Offers 1Q & FY21 EPS/Revenue Guidance Below Consensus
- Shares jump on tech boost; fragile yen on intervention watch
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Boeing reports first revenue drop in 7 quarters as deliveries decline
- Oil prices steady after rallying on US stock decline, business data
- Yen on the brink, but Tesla pulls back
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Hasbro (HAS) brand strength sees earnings top expectations
- Tesla, AT&T, Biogen and Hasbro rise premarket; Uber, Enphase fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
Howmet Aerospace Reports Fourth Quarter 2020 and Full Year 2020 Results
February 3, 2021 7:00 AM ESTFourth Quarter 2020 Highlights
Revenue of $1.2 billion, down 29% year over year; up $104 million sequentially Income from continuing operations of $106 million, or $0.24 per share, versus $118 million, or $0.27 per share, in the fourth quarter 2019 Income from continuing operations excluding special items of $92 million, or $0.21 per share, versus $164 million, or $0.37 per share, in the fourth quarter 2019 Operating income of $221 million, down 22% year over year; up $148 million sequentially Operating income excluding special items of $215 million, down 28% year over year; up $115 million sequentially Generated positive cash from operations and positive adjusted free cash... More