Alcoa stock slides on Q1 miss, company projects slight smaller aluminum deficit [MarketWatch]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: MarketWatch
Alcoa stock slides on Q1 miss, company projects slight smaller aluminum deficit Shares of Alcoa Corp. AA, +0.00% fell more than 1% in the extended session Wednesday after the alumina and aluminum producer reported a wider-than-expected adjusted quarterly loss and sales also missed views. Alcoa said it lost $199 million, or $1.07 a share, in the quarter, versus earnings of $195 million, or $1.04 a share, in the year-ago quarter. Adjusted for one-time items, the company lost $43 million, or 23 cents a share, versus earnings of $1.01 a share a year ago. Revenue fell to $2.7 billion from $3.1 billion a year ago. Analysts polled by FactSet had expected an adjusted loss of 13 cents a share on sales of $2.8 billion. "We improved our operations in the first quarter, even as alumina and aluminum prices weakened," Chief Executive Roy Harvey said in a statement. The company kept its prediction of a surplus for the alumina market and a deficit for the aluminum market this year, the latter due
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News
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AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form 8-K
- AA's page on the SEC website