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PITTSBURGH (AP) — PITTSBURGH (AP) — Howmet Aerospace Inc. (HWM) on Thursday reported first-quarter earnings of $344 million.
On a per-share basis, the Pittsburgh-based company said it had net income of 84 cents. Earnings, adjusted for restructuring costs and pretax expenses, came to 86 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The maker of engineered products for the aerospace and other industries posted revenue of $1.94 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.93 billion.
For the current quarter ending in June, Howmet expects its per-share earnings to range from 85 cents to 87 cents.
The company said it expects revenue in the range of $1.98 billion to $2 billion for the fiscal second quarter.
Howmet expects full-year earnings in the range of $3.36 to $3.44 per share, with revenue ranging from $7.88 billion to $8.18 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HWM at https://www.zacks.com/ap/HWM