Howmet aerospace reports preliminary q1 2020 financial results

Howmet aerospace (formerly arconic inc.) reports preliminary first quarter 2020 financial results.sees q1 2020 earnings per share $0.60 to $0.62 excluding items.sees q1 2020 earnings per share $0.47 to $0.49.sees q1 revenue about $3.2 billion.temporarily suspended dividend on common stock.howmet aerospace - withdraws 2020 guidance & assumptions provided at feb. 25, investor day presentation due to uncertainty created by covid-19.howmet aerospace - commenced plans to reduce costs, targeting about $100 million of further run rate savings.
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