Arconic ARNC reported its Q3 earnings results on Tuesday, November 1, 2022 at 06:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Arconic missed estimated earnings by 79.17%, reporting an EPS of $0.05 versus an estimate of $0.24.
Revenue was up $390.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.28 which was followed by a 4.13% increase in the share price the next day.
Here’s a look at Arconic’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.77 | 0.46 | 0.48 | 0.52 |
| EPS Actual | 1.05 | 0.39 | 0.25 | 0.15 |
| Revenue Estimate | 2.43B | 2.25B | 2.08B | 1.94B |
| Revenue Actual | 2.55B | 2.19B | 2.14B | 1.89B |
To track all earnings releases for Arconic visit their earnings calendar here.
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