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Stock impact report

Shares of Alcoa jump almost 4% after earnings beat [MSN Money]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: MSN Money
© Provided by CNBC A worker walks among rolls of semi-finished aluminum at the 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. Popular Searches 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 t Show less Read more
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