Howmet Aerospace Inc. stock HWM, -3.12% fell 3.5% in premarket trade Monday, after the maker of engine components, fastening systems, engineered structures and forged aluminum wheels third-quarter revenue fell short of estimates and it offered slightly soft guidance. The company, which was spun out of Arconic in 2020, posted net income of $80 million, or 19 cents a share, for the quarter, up from $27 million, or 6 cents a share, in the year-earlier period. Adjusted per-share earnings came to 36 cents, matching the FactSet consensus. Revenue rose 12% to $1.43 billion, just below the $1.44 billion FactSet consensus. “Although the commercial aerospace end market saw an uneven pace of recovery in the third quarter 2022, all of Howmet Aerospace’s aerospace-focused segments increased revenue sequentially,” Chief Executive John Plan said in a statement. “Looking ahead, we continue to expect the commercial aerospace end market to grow at above-trend rates for the next several years.” The company is now expecting fourth-quarter adjusted EPS to range from 37 cents to 39 cents on revenue of $1.45 billion to $1.50 billion. The FactSet consensus is for EPS of 38 cents and revenue of $1.50 billion. For the full year, it expects adjusted EPS of $1.39 to $1.41 on revenue of $5.60 billion to $5.65 billion. The FactSet consensus is for EPS of $1.41 and revenue of $5.67 billion. Shares have gained 14% in the year to date, while the S&P 500 SPX, -0.56% has fallen 18%.