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Arconic sinks on earnings miss; appoints former GE boss as CEO

By:  
Creamer Media Deputy Editor: North America
 
SPECIALTY METALS
The New York-listed equity of alloy metals specialist Arconic dipped on Monday after the company reported disappointing third-quarter results. The New York-headquartered company revealed a headline profit of $132-million, or $0.25 a share, compared with $137-million in the comparable quarter of 2016 – an earnings miss on average analyst forecasts that called for adjusted earnings of $0.27 a share.
 
 
 
 
 

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