Loading...

Advertisement

Howmet Aerospace Boosts FY24 Outlook; Guides Q2 Well Above View - Update

RTTNews | 391 days ago

Howmet Aerospace Boosts FY24 Outlook; Guides Q2 Well Above View - Update

(RTTNews) - While reporting financial results for the first quarter on Thursday, Howmet Aerospace Inc. (HWM) raised its adjusted earnings and revenue guidance for the full-year 2024 and provided guidance for the second quarter, well above estimates. For the second quarter, the company expects adjusted earnings in a range of $0.57 to $0.59 per share on revenues between $1.825 billion and $1.845 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.54 per share on revenues of $1.77 billion for the quarter. Analysts' estimates typically exclude special items.

For fiscal 2024, the company now projects adjusted earnings in a range of $2.31 to $2.39 per share on revenues between $7.225 billion and $7.375 billion.

Previously, the company expected adjusted earnings in a range of $2.10 to $2.20 per share on revenues between $7.00 billion and $7.20 billion.

The Street is looking for earnings of $2.20 per share on revenues of $7.15 billion for the year.

The Company also said it expects to increase the quarterly common stock dividend to $0.07 per share beginning in the third quarter 2024, subject to the discretion and approval of the Board of Directors.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: HWM

read more

Howmet Q3 Adj. EPS Meets Estimates, But Revenues Miss; Doubles Dividend

Howmet Q3 Adj. EPS Meets Estimates, But Revenues Miss; Doubles Dividend

Howmet Aerospace Inc. (HWM) reported Monday that net income for the third quarter soared to $80 million or $0.19 per share from $27 million or $0.06 per share in the prior-year quarter.

RTTNews | 940 days ago

Losing Streak May Continue For Malaysia Stock Market

Losing Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved lower in three straight sessions, slipping more than a dozen points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's looking at another soft start again on Thursday.

RTTNews | 2 minutes ago

Japan Stock Market May Extend Wednesday's Losses

Japan Stock Market May Extend Wednesday's Losses

The Japan stock market on Wednesday snapped the three-day winning streak in which it had collected almost 750 points or 2 percent. The Nikkei 225 now sits just above the 27,720-point plateau and it may take further damage on Thursday.

RTTNews | 17 minutes ago

KOSPI Likely To Remain Rangebound

KOSPI Likely To Remain Rangebound

The South Korea stock market has moved higher in two of three trading days since the end of the two-day slide in which it had given up almost 35 points or 1.4 percent. The KOSPI now rests just above the 2,670-point plateau and it may hand back some of those gains on Thursday.

RTTNews | 32 minutes ago

Korea Rate Decision Due On Thursday

Korea Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is widely expected to keep its benchmark lending rate unchanged at 2.75 percent.

RTTNews | 1h 32min ago

Euro Falls Against Most Majors

Euro Falls Against Most Majors

The euro fell against its most major counterparts in the New York session on Wednesday.

RTTNews | 2h 53min ago

Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Swiss stocks turned in a weak performance on Wednesday, losing ground gradually after opening marginally down, as uncertainty about U.S. government's trade policies rendered the mood cautious.

RTTNews | 6h 14min ago

European Stocks Fail To Hold Early Gains, Close Broadly Lower

European Stocks Fail To Hold Early Gains, Close Broadly Lower

Despite opening on a positive note, European stocks closed broadly lower on Wednesday as investors largely made cautious moves, awaiting more clarity on U.S. President Donald Trump's tariff moves and other policy decisions.

RTTNews | 6h 44min ago

Terms | Privacy | Site Map | Site Map Calendar

© 2025 Myfxbook Ltd. All Rights Reserved.

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.