Howmet Aerospace's Q2 earnings surpassed Wall Street expectations, causing a 14% stock surge.
Howmet Aerospace stock surged 14% after reporting Q2 earnings that beat Wall Street expectations. The company earned $0.67 per share on revenue of $1.88 billion, topping analyst estimates. Both engine products and engineered structures grew revenue by 5% or more compared to the previous quarter. Howmet's CEO attributed the strong performance to high demand for commercial aerospace, which led to a backlog at aircraft OEMs.
July 30, 2024
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