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Why Arconic Stock Is Falling Today

Why Arconic Stock Is Falling Today

Arconic (NYSE: ARNC) has cut full-year guidance due to higher energy costs and operational problems at two of its facilities. Arconic, a onetime subsidiary of Alcoa, produces aluminum sheet, plate, and architectural products primarily for the aerospace, industrial, and construction markets. Arconic said it expects to generate between $9.2 billion and $9.5 billion in revenue in 2022, down from previous guidance for between $9.6 billion and $10 billion.