Arconic stock falls after annual forecast chopped
Arconic Corp. shares fell in after-hours trading Wednesday after executives trimmed the aluminum company's annual outlook due to production issues and European energy costs. The stock declined 8% in the extended session after executives reduced their annual revenue forecast to a range of $9.2 billion to $9.5 billion, after previously stating $9.6 billion to $10 billion, and said yearly adjusted Ebitda would be $715 million to $765 million, down from an earlier range of $820 million to $870 million. Читать дальше...