Arconic: 4Q Earnings Snapshot
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.