Howmet: Q3 Earnings Snapshot

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PITTSBURGH (AP) _ Howmet Aerospace Inc. (HWM) on Monday reported third-quarter net income of $80 million.

The Pittsburgh-based company said it had profit of 19 cents per share. Earnings, adjusted for one-time gains and costs, came to 36 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share.

The maker of engineered products for the aerospace and other industries posted revenue of $1.43 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.44 billion.

For the current quarter ending in December, Howmet expects its per-share earnings to range from 37 cents to 39 cents.

The company said it expects revenue in the range of $1.45 billion to $1.5 billion for the fiscal fourth quarter.

Howmet expects full-year earnings in the range of $1.39 to $1.41 per share, with revenue ranging from $5.6 billion to $5.65 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HWM at https://www.zacks.com/ap/HWM