Alcoa swings to GAAP profit, sees aluminum deficit, alumina surplus for 2019 [MarketWatch]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: MarketWatch
Alcoa swings to GAAP profit, sees aluminum deficit, alumina surplus for 2019 Shares of Alcoa Inc. AA, +0.28% rose in the extended session Wednesday after the company swung to a GAAP profit in the fourth quarter. Alcoa said it earned $43 million, or 23 cents a share, in the quarter, versus a loss of $196 million, or $1.06 a share, in the year-ago period. Adjusted for one-time items, the company earned $125 million, or 66 cents a share, compared with $195 million, or $1.04 a share, a year ago. Revenue hit $3.3 billion, from $3.2 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 50 cents a share on sales of $3.3 billion. "We've built upon the progress we made since our launch, and by executing our strategic priorities to reduce complexity, drive returns, and strengthen the balance sheet, we're now better positioned to thrive through market cycles," Chief Executive Roy Harvey said. Alcoa projected a global aluminum deficit between 1.7 million and 2.1 mill
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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