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Arconic (NYSE:ARNC) reported its Q1 earnings results on Thursday, May 4, 2023 at 06:45 AM.
Here's what investors need to know about the announcement.
Arconic missed estimated earnings by 20.0%, reporting an EPS of $0.24 versus an estimate of $0.3.
Revenue was down $262.00 million from the same period last year.
Last quarter the company beat on EPS by $0.03 which was followed by a 4.2% increase in the share price the next day.
Here's a look at Arconic's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.28 | 0.24 | 0.77 | 0.46 |
| EPS Actual | 0.31 | 0.05 | 1.05 | 0.39 |
| Revenue Estimate | 1.99B | 2.17B | 2.43B | 2.25B |
| Revenue Actual | 1.94B | 2.28B | 2.55B | 2.19B |
To track all earnings releases for Arconic visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: ARNC
