Company News: Alcoa Inc. (AA) posts Q3 EPS in line with analysts' estimates

Market news

11 October 2016

Company News: Alcoa Inc. (AA) posts Q3 EPS in line with analysts' estimates

Alcoa reported Q3 FY 2016 earnings of $0.32 per share (versus $0.07 in Q3 FY 2015), in-line with analysts' consensus estimate.

The company's quarterly revenues amounted to $5.213 bln (-6.5% y/y), slightly missing analysts' consensus estimate of $5.292 bln.

It should be noted it was the last time that Alcoa reported as a single company. The company will execute the separation of its upstream (Alcoa) and downstream (Arconic) businesses on November 1st .

AA fell to $29.94 (-4.98%) in pre-market trading.

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