Howmet aerospace reports full first quarter 2020 financial results

Howmet aerospace (formerly arconic inc.) reports full first quarter 2020 financial results.q1 earnings per share $0.62 excluding items.q1 earnings per share $0.49.q1 revenue $3.2 billion versus refinitiv ibes estimate of $3.36 billion.q1 earnings per share estimate $0.49 -- refinitiv ibes data.qtrly revenue of $3.2 billion, down 9% year over year.temporarily suspended the dividend on the company’s common stock.reduced 2020 capex target by approximately $100 million.commenced plans to reduce costs, targeting approximately $100 million of run-rate savings.qtrly eps $0.49.on april 24, co issued $1.2 billion aggregate principal amount of 6.875% notes due 2025.
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