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Stockreport

Shares of aluminum producer Alcoa jump almost 4% after earnings beat [CNBC]

ALCOA (AA)  More Company Research Source: CNBC
Last alcoa earnings: 10/17 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Sean Gallup | Getty Images A worker walks among rolls of semi-finished aluminum at an Alcoa aluminum factory. Shares of aluminum producer Alcoa jumped almost four percent in after-hours trade after the company reported first quarter earnings that beat expectations. Here's how the company did compared with what Wall Street expected: EPS: 0.77 vs. 0.70 cents. Revenue: $3.09 billion vs. $3.08 billion. In its earnings release, the Pittsburgh, Pennsylvania-based company is projecting global demand for aluminum to grow along with an increased global deficit of the metal this year, due to delays in projects to expand smelters, factories where metal is extracted, in China. Last month, President Donald Trump slapped a 10 percent tariff on aluminum imports to the U.S. The U.S. exempted several major trading partners, including the European Union, Mexico and Canada, but not China. Alcoa expects the global aluminum deficit to grow [Read more]

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