PITTSBURGH (AP) _ Arconic Corporation (ARNC) on Tuesday reported a fourth-quarter loss of $64 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Pittsburgh-based company said it had a loss of 59 cents. Earnings, adjusted for restructuring costs, were 33 cents per share.
The company posted revenue of $1.46 billion in the period.
For the year, the company reported a loss of $109 million, or $1 per share. Revenue was reported as $5.68 billion.
Arconic shares have dropped 14% since the beginning of the year.