Investing.com - Arconic reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arconic announced earnings per share of $1.05 on revenue of $2.55B. Analysts polled by Investing.com anticipated EPS of $0.774 on revenue of $2.43B.
Arconic shares are up 41.15% from the beginning of the year, still down 17.67% from its 52 week high of $36.95 set on August 2, 2021. They are outperforming the S&P 500 which is down 13.59% from the start of the year.
Arconic follows other major Materials sector earnings this month
Arconic's report follows an earnings missed by Sherwin-Williams on July 27, who reported EPS of $2.41 on revenue of $5.87B, compared to forecasts EPS of $2.77 on revenue of $6.03B.
Vale ADR had beat expectations on Thursday with second quarter EPS of $1.32 on revenue of $11.16B, compared to forecast for EPS of $0.8013 on revenue of $11.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar