Alcoa posts mixed Q4 numbers, stock trades higher
Alcoa Corporation (AA) is up 3.1% Thursday morning in reaction to the company’s fourth-quarter earnings report. The company reported after the market close Wednesday, posting adjusted earnings of 66 cents per share. Analysts had forecast earnings of 32 cents. Revenue of $3.34 billion fell slightly short of the $3.35 billion analyst estimate.
Alcoa Corporation (AA) is an aluminum manufacturer.
M&T Bank Corporation (MTB) and PG&E Corporation (PCG) top the list of other companies with positive news today, while CSX Corporation (CSX) and Morgan Stanley (MS) top the list of companies with negative news.
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About Alcoa Corporation
Alcoa is a vertically integrated aluminum company involved in every phase of aluminum production, including bauxite mining, alumina refining, and the manufacture of primary aluminum. The firm is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.