Alcoa edges lower after missing Q3 earnings, raising 2017 EBITDA outlook [Seeking Alpha]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: Seeking Alpha
Alcoa edges lower after missing Q3 earnings, raising 2017 EBITDA outlookAlcoa (NYSE:AA)-0.4% after-hours following a mixedQ3 earnings report that showed EPS short of expectations alongside in-line revenues, as well as higher FY 2017 EBITDA guidance.Alcoa says Q3 adjusted EBITDA totaled $561M, up 16% Q/Q from $483M, driven by higher energy sales in Brazil, improved aluminum pricing and increased shipments for aluminum and bauxite.Based on stronger alumina and aluminum prices, Alcoa raises its projection for full-year adjusted EBITDA to ~$2.4B, up from the $2.1B-$2.2B range projected during Q2.Alcoa continues to see strong global aluminum demand growth and hikes its full-year estimate to a 5%-5.5% range from 4.75%-5.25% in Q2, mostly due to planned and actual curtailments in Chinese smelting capacity as well as increased Chinese demand.Now read:Ferroglobe: Earnings Shifting Into High Gear »
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News
- 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
- Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website