Constellium Reports Q3 Earnings Beat with $2.6 Billion in Revenue
Constellium (NYSE: CSTM) reported third-quarter financial results that exceeded market expectations, posting a GAAP EPS of $0.84, which surpassed estimates by $0.14. The company's revenue reached $2.6 billion, representing an 18.2% increase year-over-year and beating analyst projections by $130 million. Despite the strong financial performance, shipment volumes saw a slight decline of 1% compared to the previous year, totaling 368 thousand metric tons. Based on these results, the company has indicated it is raising its current outlook for the remainder of the fiscal period.
Tickers: $CSTM