UPDATE 2-Alcoa beats profit estimates on strength in alumina segment [Reuters]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: Reuters
Alcoa beats profit estimates on strength in alumina segment (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 poorly 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 shipments would decline 500,000 to 600,000 tons year over year. “Demand growth for primary aluminum in 2019 is expected to be robust, with global consumption growth in the range of 3 percent t
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News
- What's Hurting The Aluminum Market Should Be Good For Alcoa [Seeking Alpha]Seeking Alpha
- Industrial leader Dag J. Opedal elected to be the new Chair of HydrogenPro ASA [Yahoo! Finance]Yahoo! Finance
- Alcoa raised at Morgan Stanley on cost saving measures [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $36.50 price target on the stock, up previously from $28.50.MarketBeat
- Alcoa Co. (NYSE: AA) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
AA
Earnings
- 4/17/24 - Miss
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Sec Filings
- 4/24/24 - Form DEFA14A
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website