PITTSBURGH (AP) — PITTSBURGH (AP) — Arconic Corporation (ARNC) on Tuesday reported a loss of $273 million in its fourth quarter.
The Pittsburgh-based company said it had a loss of $2.70 per share. Earnings, adjusted for non-recurring costs, came to 31 cents per share.
The company posted revenue of $1.94 billion in the period.
For the year, the company reported that its loss narrowed to $182 million, or $1.75 per share. Revenue was reported as $8.96 billion.
Arconic expects full-year revenue in the range of $8 billion to $8.5 billion.
Arconic shares have climbed 14% since the beginning of the year. The stock has decreased 25% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARNC at https://www.zacks.com/ap/ARNC
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