11/6

Howmet Aerospace Jumps 7.67% Pre-Market on Strong Q3 Earnings and Raised Guidance

Howmet Aerospace Inc. (HWM) shares are up 7.67% pre market to $110.00 as of 8:22 am on November 6, 2024, from a previous close of $102.16 on November 5. The surge follows the company's announcement of strong third-quarter 2024 results, which exceeded analyst expectations. Howmet reported a net income of $332 million, or $0.81 per share, compared to $188 million, or $0.45 per share, in the same period last year. The company's revenue rose 11% year over year to $1.84 billion, driven by a 17% increase in the commercial aerospace market. Additionally, Howmet raised its full-year earnings guidance, now expecting earnings per share to be between $2.65 and $2.67, up from the previous range of $2.53 to $2.57.