Alcoa posts narrower-than-expected Q2 loss [MarketWatch]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: MarketWatch
Alcoa posts narrower-than-expected Q2 loss Alcoa Corp. AA, -0.73% shares fell more than 1% before turning modestly higher in the extended session Wednesday following a second-quarter loss for the aluminium and alumina producer. The company continued to predict an aluminium deficit and an alumina surplus for 2019. Alcoa said it lost $402 million, or $2.17 a share, in the quarter, versus earnings of $10 million, or 5 cents a share, in the year-ago period. Adjusted for one-time items, the company lost $2 million, or a penny a share, versus earnings of $1.17 a share a year ago. Revenue fell to $2.7 billion from $3.6 billion a year ago. Analysts polled by FactSet had expected an adjusted loss of 19 cents a share on sales of $2.7 billion. Alcoa said that global aluminum demand growth for 2019 is estimated to range between 1.25% and 2.25%, down from previous expectations of 2% to 3%, thanks to lower demand in both China and the world ex-China due to trade tensions and macroeconomic headwi
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AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website