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Stock impact report

Alcoa stock rises on earnings beat, company predicts 2018 aluminum deficit [MarketWatch]

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: MarketWatch
Alcoa stock rises on earnings beat, company predicts 2018 aluminum deficit Shares of Alcoa Corp. AA, +1.41% rose more than 3% in the extended session Wednesday after the aluminum producer reported third-quarter results above Wall Street expectations and said it expects deficits for aluminum and alumina this year, as well as a surplus of bauxite. Alcoa said it lost $41 million, or 22 cents a share, in the quarter, versus earnings of $113 million, or 60 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $119 million, or 63 cents a share, compared with $135 million, or 72 cents a share, a year ago. Revenue reached $3.39 billion, compared with $2.96 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 36 cents a share on sales of $3.31 billion for the company. Alcoa also announced a $200 million share buyback program. "By reducing complexity, driving returns, and strengthening the balance sheet, we've made Alcoa a much str Show less Read more
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