Alcoa: 4Q Earnings Snapshot

PITTSBURGH (AP) _ Alcoa Corp. (AA) on Wednesday documented a reduction of $4 million in its fourth quarter.

The Pittsburgh-primarily based corporation stated it had a reduction of 2 cents per share. Earnings, altered for one-time gains and expenditures, came to 26 cents for each share.

The benefits surpassed Wall Street anticipations. The typical estimate of 5 analysts surveyed by Zacks Investment Study was for earnings of 15 cents for each share.

The bauxite, alumina and aluminum merchandise business posted revenue of $2.39 billion in the period, which also defeat Road forecasts. Three analysts surveyed by Zacks predicted $2.35 billion.


For the year, the corporation noted that its reduction narrowed to $170 million, or 91 cents for each share. Income was noted as $9.29 billion.

Alcoa shares have diminished almost 1% since the starting of the calendar year, whilst the Conventional & Poor’s 500 index has enhanced virtually 3%. In the ultimate minutes of trading on Wednesday, shares hit $22.84, a climb of 33% in the last 12 months.

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This story was generated by Automatic Insights (http://automatedinsights.com/ap) employing information from Zacks Expense Analysis. Accessibility a Zacks stock report on AA at https://www.zacks.com/ap/AA