ARNC News and Press, Arconic Inc. From 03/02/22

Alcoa (NYSE:AA) +3.1% pre-market, looking to continue its scorching gains with aluminum prices surging to yet another record peak, as the war in Ukraine intensifies the threat of commodity supply disruptions from Russia. According to Reuters, three-month aluminum (LMAHDS03:COM) on the London ...

London aluminum prices jump to another all-time high, reaching as high as $3,525/metric ton before trimming gains to $3,416/ton, +1.7%, amid increased Western sanctions including blocking some Russian banks from the SWIFT international payments system. Century Aluminum (CENX +2.1%) pops to a ...

With tensions rising between Russia and Ukraine the JPMorgan Chase macro research team screened Tuesday for stocks facing positive and negative impacts from the situation. "Russia-Ukraine tension is a low earnings risk for US corporates, but an Energy price shock amidst an aggressive central ...

Prices for aluminum and nickel prices climb to multiyear highs in London, Reuters reports, after Russian President Vladimir Putin recognized breakaway regions in east Ukraine and sent troops into the area as "peacekeepers." Benchmark aluminum (LMAHDS03:COM) on the London Metal Exchange, alrea...

Arconic Corporation (ARNC) Q4 2021 Results Conference Call February 18, 2022 10:00 AM ET Company Participants Shane Rourke - Director, IR Tim Myers - CEO Erick Asmussen - EVP, CFO Conference Call Participants Corinne Blanchard - Deutsche Bank Curt Woodworth - Credit Suisse Emily Chieng - Gold...

Arconic (NYSE:ARNC) +0.3% pre-market after reporting a narrower Q4 loss than in the same quarter last year, although the $0.36/share result may not be comparable to the $0.49/share analyst consensus. Q4 net loss was $38M, compared with a year-ago net loss of $64M, as the 2021 figure includes ...

Arconic press release (NYSE:ARNC): Q4 GAAP EPS of -$0.36 misses by $0.85. Revenue of $2.1B (+40.0% Y/Y) in-line. Tim Myers, Chief Executive Officer, said, “While 2022 is starting with similar challenges, our end markets are strong and we expect to deliver another year of double-digit A...

Fourth Quarter 2021 Highlights Sales of $2.1 billion, up 46% year over year, up 13% from prior quarter Net loss of $38 million, or $0.36 per share, compared with net loss of $64 million, or $0.59 per share, in fourth quarter 2020. Fourth quarter 2021 includes an after-tax ...

Arconic (NYSE:ARNC) is scheduled to announce Q4 earnings results on Friday, February 18th, before market open. The consensus EPS Estimate is $0.48 (+181.4% Y/Y) and the consensus Revenue Estimate is $2.1B (+40.0% Y/Y). Over the last 1 year, ARNC has beaten EPS estimates 25% of the time and ha...

Billionaire hedge fund manager Paul Singer's Elliot Management opened a new position in Switch (NYSE:SWCH) with 5.79M shares, according to the fund's most recent 13-F filing. Boosted stake in Valaris (NYSE:VAL) to 2.23M shares from 1.81M in the previous period. Closed out positions in Frontie...