Why Alcoa Stock Soared by Almost 13% on Thursday

Group 1 - Alcoa's stock price increased nearly 13% despite missing quarterly analyst estimates for both earnings and revenue, contrasting with a 0.6% rise in the S&P 500 [1] - The company's third-quarter revenue rose by 3% year-over-year to just under $3 billion, but it reported a net loss of $6 million, or $0.02 per share, compared to a profit of $135 million in the same quarter of 2024 [2][3] - Analysts had expected Alcoa to report an adjusted profit of $0.02 per share and revenue exceeding $3.1 billion, indicating a significant miss on both fronts [3] Group 2 - Alcoa highlighted that the Midwest premium on U.S. aluminum production helped mitigate the negative impacts of tariffs and other costs associated with aluminum imports, particularly benefiting from shipments from Canadian smelters to U.S. clients [4] - The resilience shown by Alcoa in navigating tariff challenges has positively influenced investor sentiment, although there is pressure for the company to return to adjusted profitability soon [5]