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-0.00084139671855278 -0.00084139671855278 0.000210349179638307 -0.0113588557004627 -0.0100967606226335 -0.00399663441312574 -0.00399663441312574 -0.00504838031131668
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Alcoa shares fall after mining company lowers outlook [MarketWatch]

ALCOA (AA)  More Company Research Source: MarketWatch
Last alcoa earnings: 7/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Alcoa shares fall after mining company lowers outlook Shares of Alcoa Corp. AA, -0.12% fell 2.5% late Wednesday after the mining company beat Wall Street expectations for the second quarter but lowered its outlook for full-year profits. The company also said it expects global deficits for alumina and aluminum this year, and a surplus for bauxite. Alcoa earned $75 million, or 39 cents a share, in the second quarter, compared with $75 million, or 40 cents a share, in the year-ago quarter. Excluding one-time items, Alcoa earned $286 million, or $1.52 a share, compared with $116 million, or 62 cents a share, a year ago. Revenue rose to $3.6 billion, from $2.8 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $1.32 a share on sales of $3.5 billion in the quarter. Alcoa lowered its full-year outlook for adjusted EBITDA to a range between $3 billion and $3.2 billion, down from the prior quarter's range between $3.5 billion and $3.7 billion. "The new full-year [Read more]

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