Alcoa (AA) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of a loss of $0.99. This compares to loss of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.43%. A quarter ago, it was expected that this bauxite, alumina and aluminum products company would post a loss of $1.13 per share when it actually produced a loss of $1.14, delivering a surprise of -0.88%.Over the last four quarter ...

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today reported fourth quarter and full year 2023 results that demonstrate progress on key priorities. Financial Results and Highlights M, except per share amounts 4Q23 3Q23 FY23 FY22 Revenue $2,595 $2,602 $10,551 $12,451 Net loss attributable to Alcoa Corporation $(150) $(168) $(651) $(123) Loss per share attributable to Alcoa Corporation $(0.84) $(0.94) $(3.65) $(0.68) ...

Pre-market futures are down again, dragging all major indices into the red year-to-date. We’re riding three-day losing streaks on the Dow and small-cap Russell 2000, with the S&P 500 and Nasdaq down in two of the past three sessions. The Dow is currently -145 points, the S&P -21, the Nasdaq -104 and the Russell -23 points. These lower levels have held even through a bevy of earnings and economic reports hitting the tape ahead of the opening bell.U.S. Retail Sales for December came in hotter than expected: + ...

Market indices were lower again today (following Friday of last week’s modest drop), although we continue to see relative strength in A.I.-oriented chipmakers like AMD (AMD) and NVIDIA (NVDA) , which were up +8.3% and +3%, respectively. The energy space was by far the worst performer on the session. In total, the Dow slipped -231 points, -0.62%, while the S&P 500 was -0.37%. The Nasdaq outperformed the field but still came in -0.19%, while the small-cap Russell 2000 bottomed out again, -1.26% for the day.Fo ...

Alcoa Corporation (AA) is likely to register a decrease in the top line from last year’s quarterly reading when it reports fourth-quarter 2023 earnings on Jan 17, after market close. The Zacks Consensus Estimate for revenues is pegged at $2,613 million, reflecting a decline of 1.9% from the prior year’s quarterly reported figure.The bottom line of this leading producer of bauxite, alumina and aluminum products is expected to decline from the earlier year’s quarterly figure. Over the past 30 days, the consen ...

The shares of aluminum stock Alcoa Corp (NYSE:AA) are sliding today, after UBS initiated coverage with a "sell" rating and $29 price target, though BMO threw in a price-target hike to $30 from $28. This attention comes ahead of the company's fourth-quarter earnings report, due out after the close tomorrow, Jan. 17. At last glance, AA was down 3.8% at $28.88, and crossing below the $30 level, which provided support since mid December. The stock's 50-day moving average appears to be containing today's pullbac ...

Investors are always looking for stocks that are poised to beat at earnings season and Alcoa Corporation (AA) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Alcoa is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicat ...

Analysts on Wall Street project that Alcoa (AA) will announce quarterly loss of $0.99 per share in its forthcoming report, representing a decline of 41.4% year over year. Revenues are projected to reach $2.61 billion, declining 2.1% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 11.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a c ...

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter. The Kwinana refinery has an annual nameplate production capacity of 2.2 million metric tons. The refinery has been operating at approximately 80 percent of its nameplate capacity since January of 2023. Matt Reed, Alcoa’s Executive Vice President and Chief Operations Officer, said the ...

智通财经APP获悉，周五，美股铝板块走高，截止发稿，美国铝业(AA.US)涨超6.5%，世纪铝业(CENX.US)涨近6%，凯撒铝业(KALU.US)涨超2%。美国银行分析师Lawson Winder维持美国铝业公司“中性”评级，并将目标价从28美元上调至36美元。 ...