Arconic (NYSE:ARNC) reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Arconic missed estimated earnings by 15.22%, reporting an EPS of $0.39 versus an estimate of $0.46.
Revenue was up $516.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.23 which was followed by a 0.59% drop in the share price the next day.
Here's a look at Arconic's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.48 | 0.52 | 0.49 | 0.27 |
| EPS Actual | 0.25 | 0.15 | -0.05 | 0.46 |
| Revenue Estimate | 2.08B | 1.94B | 1.82B | 1.53B |
| Revenue Actual | 2.14B | 1.89B | 1.80B | 1.68B |
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.
