PITTSBURGH (AP) _ Arconic Corporation (ARNC) on Tuesday reported a third-quarter loss of $65 million, after reporting a profit in the same period a year earlier.
The Pittsburgh-based company said it had a loss of 64 cents per share. Earnings, adjusted for non-recurring costs, were 5 cents per share.
The company posted revenue of $2.28 billion in the period.
Arconic shares have dropped 37% since the beginning of the year. The stock has dropped 29% 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
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News