Investing.com - Arconic reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Arconic announced earnings per share of $-0.64 on revenue of $2.3B. Analysts polled by Investing.com anticipated EPS of $0.33 on revenue of $2.29B.
Arconic shares are down 21% from the beginning of the year, still down 41.91% from its 52 week high of $35.74 set on January 5.
Arconic follows other major Materials sector earnings this month
Arconic's report follows an earnings beat by Sherwin-Williams on October 25, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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