Company News: Alcoa (AA) reports smaller-than-expected loss

Market news

18 July 2019

Company News: Alcoa (AA) reports smaller-than-expected loss

Alcoa (AA) reported Q2 FY 2019 loss of $0.01. per share (versus earnings of $1.52 in Q2 FY 2018), beating analysts’ consensus of -$0.02.

The company’s quarterly revenues amounted to $2.711 bln (-24.3% y/y), missing analysts’ consensus estimate of $2.772 bln.

AA closed Wednesday's trading session at $23.1587 (-0.73%).

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