Alcoa Stock Slides After Q3 Earnings Miss: What To Know

Financial Performance - Alcoa reported a quarterly loss of $0.02 per share, missing the analyst estimate of a $0.01 profit [2] - Total quarterly revenue was $2.99 billion, below the Street estimate of $3.13 billion [2][4] - The company's total third-party revenue decreased by 1% sequentially to $3 billion [4] Production and Shipments - Alumina production increased by 4% sequentially to 2.5 million metric tons [3] - Aluminum production increased by 1% sequentially to 579,000 metric tons [3] - Third-party shipments of alumina were flat sequentially at 2.2 million metric tons, while total shipments in Aluminum decreased by 3% sequentially [3] Segment Performance - In the Alumina segment, third-party revenue decreased by 9% [4] - In the Aluminum segment, third-party revenue increased by 4% [4] Future Outlook - The company plans to focus on safety, stability, and continuous improvement to enhance overall profitability in the fourth quarter [5] - There is an ongoing effort to progress Australia mine approvals [5]