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Arconic to release 3Q report Tuesday

HUTCHINSON, Kan. — The quarterly earnings session continues on Tuesday as Arconic releases its third quarter earnings before the bell.

The metals finishing company reported adjusted earnings of 37 cents per share for the second quarter of 2018, which topped the Zacks Consensus Estimate of 29 cents, translating into a 27.6 percent positive surprise.

Revenues rose around 10 percent year-over-year to $3.57 million in the quarter, also beating Zacks Consensus Estimate of $3.47 million.

The often embattled spin-off company of Alcoa is in the middle of a bidding war for its ownership and is currently in the midst of a potential civil case involving the Grenfell Tower fire in London.

Arconic employs about 75 workers at its Hutchinson aluminum finishing facility for the aerospace industry.

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