Arconic Inc. shares surged in the extended session Tuesday after the aerospace and carmaker supplier's earnings topped Wall Street estimates. Arconic shares rallied 6.8% to $28.80 after hours. The company reported adjusted first-quarter earnings of 33 cents a share on revenue of $3.19 billion. Analysts surveyed by FactSet had forecast earnings of 24 cents a share on revenue of $3 billion. "Solid performance, strong net cost reduction and some additional tailwinds allowed Arconic to deliver a stronger than anticipated first quarter of 2017," said Arconic Interim Chief Executive David Hess in a statement. On Monday, Arconic postponed its annual shareholder meeting as it assessed activist-backed nominees to its board.
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