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.
Continued recovery in the commercial aerospace end market, pricing actions and cost-control measures bode well for Howmet (HWM).
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.