Core Insights - Alcoa reported revenue of 0.16 compared to -2.96 billion by 1.92%, while the EPS exceeded expectations by 45.45% [1] Financial Performance Metrics - Average realized third-party price per metric ton of alumina was 383.76 [2] - Average realized third-party price per metric ton of aluminum was 2,999.99 [2] - Third-party alumina shipments totaled 2,267 Kmt, slightly above the estimated 2,245.65 Kmt [2] - Third-party aluminum shipments reached 677 Kmt, exceeding the estimate of 653.99 Kmt [2] - Total sales for alumina were 1.39 billion, marking a 13.6% increase year-over-year [2] - Total sales for aluminum were 1.98 billion, with a year-over-year increase of 5.9% [2] - Third-party sales of bauxite were 110.07 million, representing a 15% decrease year-over-year [2] - Third-party sales of alumina were 875.72 million, with a 2.2% year-over-year increase [2] - Intersegment sales of aluminum were 4.50 million, reflecting a 25% year-over-year decrease [2] - Total third-party sales were 2.96 billion, with an 8.3% year-over-year increase [2] - Intersegment sales of alumina were 400.09 million [2] - Third-party sales of aluminum were 1.97 billion, with a 6% year-over-year increase [2] Stock Performance - Alcoa shares have returned +3.1% over the past month, compared to the S&P 500 composite's +4.4% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]
Alcoa (AA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates