Howmet Raises Outlook After 29% Revenue Growth, Adds $5B to Buyback
Howmet shares rose 2.9% in morning trading after the company reported a 29% increase in third-quarter revenue, raised its full-year outlook and authorized a $5 billion addition to its share repurchase program.
What happened? Shares of aerospace and defense company Howmet NYSE:HWM jumped 2.9% in the morning session after the company delivered a 29% increase in third-quarter revenue, raised its full-year outlook, and authorized a $5 billion addition to its share repurchase program.According to a company pr…