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Stock impact report

CORRECTED-UPDATE 2-Alcoa beats profit estimates on strength in alumina segment (Jan. 16) [Reuters]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Reuters
Alcoa beats profit estimates on strength in alumina segment (This Jan 16 story corrects quote in third paragraph to read “the quarterly point-in-time full-year earnings”, instead of “the poorly point-in-time full-year earnings”.) By Sanjana Shivdas (Reuters) - Top U.S. aluminum producer Alcoa Corp beat Wall Street estimates for quarterly profit on Wednesday, buoyed by strength in its alumina segment, but shares slipped after the company did not provide a closely watched profit measure for the full year. The company’s shares were down 1.6 percent in extended trading, reversing course after rising as much as 3.5 percent to $30. Alcoa Chief Financial Officer William Oplinger said on a post-earnings call that the company was eliminating “the quarterly point-in-time full-year earnings before interest, tax, depreciation and amortization outlook” given the unprecedented market volatility. Alcoa said it expected the global aluminum deficit to extend into 2019 and estimated that its aluminum Show less Read more
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