Alcoa: Q3 Earnings Snapshot
By AP News
Published - Oct 18, 2023, 04:21 PM ET
Last Updated - Oct 18, 2023, 04:21 PM EDT
PITTSBURGH (AP) — PITTSBURGH (AP) — Alcoa Corp. (AA) on Wednesday reported a loss of $168 million in its third quarter.
The Pittsburgh-based company said it had a loss of 94 cents per share. Losses, adjusted for non-recurring gains, came to $1.14 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.13 per share.
The bauxite, alumina and aluminum products company posted revenue of $2.6 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.59 billion.
