Alcoa Beats Q2 Earnings Views But Cuts Outlook On Trump Tariffs [Investor's Business Daily]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: Investors Business Daily
Related news Aluminum giant Alcoa ( AA ) topped Q2 forecasts after the close Wednesday but trimmed its guidance due in part to President Trump's tariffs on steel and aluminum. X Estimates: Wall Street sees EPS erupting by 115% to $1.33, as revenue swells 24% to $3.555 billion, according to Zacks Investment Research. Results: EPS of $1.52 on revenue of $3.58 billion. Alcoa incurred $15 million of costs for tariffs on imports from its foreign operations for U.S. sale. Alcoa's imports were primarily from Canada Outlook : Adjusted full-year EBITDA is now seen at $3 billion-$3.2 billion, down from a prior view of $3.5 billion-$3.7 billion. Management said the cut "reflects current market prices, tariffs on imported aluminum, increased energy costs, and some operational impacts." "Uncertainty continues to exist in the global supply chain due to U.S. tariffs and ongoing alumina supply disruptions in the Atlantic region," the company said in a statement. Stock: Alcoa fell 5% l
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News
- Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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- 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