![Alcoa Corp [AA] reports quarterly net loss of $307 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FAA.png&w=1200&q=75)
Alcoa Corp [AA] has reported a net loss of $307 million for quarter ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the quarter was $2.6 billion
Based in PITTSBURGH, Pennsylvania, Alcoa Corp operates in the MANUFACTURING sector.
In the income statement analysis comparing the 3 months ended Mar. 31, 2024, to the same period in 2023, the following key figures stand out:
- Sales for the current period were reported at $2.599 billion, slightly lower than the previous period's $2.670 billion.
- Cost of goods sold remained the same between the two periods at $2.404 billion.
- The net loss for the current period was $307 million, compared to $232 million in the previous period.
- Net loss attributable to Alcoa Corporation increased to $252 million from $231 million in the previous period.
- Earnings per share attributable to Alcoa Corporation common shareholders for the basic and diluted amounts were reported at $(1.41) and $(1.3) respectively, compared to $(1.3) in the previous period.
Overall, the results indicate a decrease in sales and an increase in net loss for the current reporting period compared to the same period in the previous year.
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