Ekonomické zprávy

Company news: Arconic (ARNC) posts unexpected quarterly loss

Arconic (ARNC) reported Q4 FY 2021 loss of $0.36 per share (versus -$0.59 per share in Q4 FY 2020), being worse than analysts’ consensus estimate of $0.48 per share.

The company’s quarterly revenues amounted to $2.138 bln (+46.2% y/y), beating analysts’ consensus estimate of $2.103 bln.

The company also issued upside guidance for FY 2022, seeing revenues of $9.9-10.3 bln versus consensus estimate of $8.71 bln.

ARNC closed Thursday's trading session at  $32.47 (-2.78%).

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