Arconic inc. reports impairment charges for the third quarter of 2019; raises earnings guidance for the year of 2019

Arconic inc. reported impairment charges for the third quarter of 2019. for the quarter, the company reported non-cash asset impairments of $108 million. for the year of 2019, revenue seen at $14.15-$14.35 billion versus prior $14.3- $14.6 billion, driven by lower aluminum price and divestitures. increased earnings per share excluding special items to $2.07-$2.11 per share versus prior guidance of $1.95-$2.05 per share.
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