Howmet Aerospace Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Howmet Aerospace Inc. (HWM) announced a profit for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $407 million, or $1.00 per share. This compares with $266 million, or $0.65 per share, last year.

Excluding items, Howmet Aerospace Inc. reported adjusted earnings of $371 million or $0.91 per share for the period.

Analysts on average had expected the company to earn $0.87 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 9.2% to $2.053 million from $1.880 million last year.

Howmet Aerospace Inc. earnings at a glance (GAAP) :

-Earnings: $407 Mln. vs. $266 Mln. last year. -EPS: $1.00 vs. $0.65 last year. -Revenue: $2.053 Mln vs. $1.880 Mln last year.

-Guidance: Next quarter EPS guidance: $0.89 - $0.91 Full year EPS guidance: $3.56 - $3.64