Alcoa +4% after beating Q1 earnings, raising 2018 EBITDA guidance [Seeking Alpha]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Alcoa +4% after beating Q1 earnings, raising 2018 EBITDA guidanceAlcoa (NYSE:AA)+4.1% after-hours as it beatsQ1 earnings expectations and raises its forecast for FY 2018 adjusted EBITDA to $3.5B-$3.7B from a previous outlook of $2.6B-$2.8B.Alcoa forecasts a global deficit for both aluminum and alumina in 2018: Due to delays in projects to expand smelters in China, it expects the global aluminum deficit to grow to 600K-1M metric tons, up from last quarter's deficit estimate of 300K-700K metric tons, while global aluminum demand growth is projected at 4.25%-5.25%, and predicts a deficit of up to 1.1M metric tons for alumina after predicting a balanced market last quarter.For Q1, Alcoa's $3.1B in revenue fell 3% Q/Q, largely due to decreased aluminum shipments and a decline in alumina prices, partially offset by increased shipments and favorable mix in alumina as well as higher aluminum prices.See all stocks on the move »Now read:Celanese +6% following strong Q1 earnings, upside guidance
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News
- Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Aramco Wins ISA100 Wireless Excellence in Automation Award [Yahoo! Finance]Yahoo! Finance
- Aerospace Materials Market Projected to Reach $92.90 billion by 2030 - Exclusive Report by 360iResearch [Yahoo! Finance]Yahoo! Finance
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at UBS Group AG from $27.00 to $32.00. They now have a "sell" rating on the stock.MarketBeat
- Alcoa First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website