Howmet Aerospace gains on upbeat annual forecast
06/08/2026 12:25
BUZZ-Howmet Aerospace gains on upbeat annual forecast ** Shares of aircraft parts maker Howmet Aerospace HWM.N up nearly 4% to $302.50 premarket
** Co lifts its 2026 profit forecast, helped by strong demand for aircraft and replacement parts
** It expects an adj. profit per share in the range of $5.23 to $5.31, compared with its previous forecast of $4.88 to $5.00 per share
** Reports Q2 profit of $1.33/share vs $1.00 per share from a year earlier
** It forecasts annual revenue to range between $10 billion and $10.1 billion, compared with its prior view of $9.58 billion to $9.73 billion
** Q2 revenue jumps 24% to $2.55 billion, above analysts' estimate of $2.43 billion- data complied by LSEG
** As of last close, stock had risen 42% YTD
(Reporting by Apratim Sarkar in Bengaluru)