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Update: Howmet Aerospace Shares Rise After Q1 Earnings Beat

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(Updates with the latest stock price movement in the headline and first paragraph and correct FactSet estimates in the third and fifth paragraphs.)

Howmet Aerospace (HWM) shares rose 5.2% on Thursday after the company reported better-than-expected Q1 earnings results.

The company reported Q1 adjusted earnings of $1.22 per diluted share, up from $0.86 a year earlier.

Analysts polled by FactSet expected $1.11.

Revenue for the quarter ended March 31 was $2.31 billion, up from $1.94 billion a year earlier.

Analysts surveyed by FactSet expected $2.24 billion.

The company said it expects Q2 adjusted EPS of $1.22 to $1.24.

Analysts surveyed by FactSet expect $1.14.

The company expects Q2 revenue of $2.39 billion to $2.41 billion.

Analysts polled by FactSet expect $2.34 billion.

For the full year, the company expects adjusted EPS of $4.88 to $5.00 and revenue of $9.58 billion to $9.73 billion.

Analysts surveyed by FactSet expect EPS of $4.65 and revenue of $9.38 billion.

Price: $269.99, Change: $+13.56, Percent Change: +5.29%

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