Investing.com - Arconic reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arconic announced earnings per share of $0.46 on revenue of $1.68B. Analysts polled by Investing.com anticipated EPS of $0.2785 on revenue of $1.55B.
Arconic shares are down 1.48% from the beginning of the year, still down 7.79% from its 52 week high of $31.84 set on March 12. They are under-performing the S&P 500 which is up 11.62% from the start of the year.
Arconic follows other major Basic Materials sector earnings this month
Arconic's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.04 on revenue of $12.93B.
Sherwin-Williams had beat expectations on April 27 with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.52B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar