Howmet Aerospace Shares Rise 9% On Strong Q4 Earnings Growth

Core Insights - Howmet Aerospace Inc. (HWM) shares increased by 8.96 percent, reaching $251.54 after reporting higher fourth-quarter earnings and revenue compared to the previous year [1] Financial Performance - Net income for the fourth quarter was $372 million, or $0.92 per share, an increase from $314 million, or $0.77 per share, year-over-year [1] - On an adjusted basis, earnings rose to $426 million, or $1.05 per share [1] - Revenue for the quarter increased by 14.6 percent to $2.168 billion, up from $1.891 billion in the same quarter last year [1] Stock Performance - The stock opened at $235.81, up from a previous close of $230.85, and reached a new 52-week high of $256.70 [2] - Trading volume was reported at 1,497,921 shares, which is below the average volume of 2,446,824 shares [2] - Howmet shares have traded within a 52-week range of $105.04 to $256.70 [3]