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Arconic: 4Q Earnings Snapshot

January 27, 2020 GMT

NEW YORK (AP) _ Arconic Inc. (ARNC) on Monday reported fourth-quarter net income of $309 million.

The New York-based company said it had net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 53 cents per share.

The maker of engineered products for the aerospace and other industries posted revenue of $3.4 billion in the period.

For the year, the company reported profit of $470 million, or $1.03 per share. Revenue was reported as $14.19 billion.

For the current quarter ending in April, Arconic expects its per-share earnings to range from 47 cents to 53 cents.

The company expects full-year earnings in the range of $2.22 to $2.42 per share, with revenue ranging from $13.9 billion to $14.2 billion.

Arconic shares have fallen slightly more than 5% since the beginning of the year. The stock has risen 57% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARNC at https://www.zacks.com/ap/ARNC