Company News: Alcoa (AA) posts bigger-than-expected quarterly loss

Market news

23 April 2020

Company News: Alcoa (AA) posts bigger-than-expected quarterly loss

Alcoa (AA) reported Q1 FY 2020 loss of $0.23 per share (versus -$0.23 per share in Q1 FY 2019), worse than analysts' consensus estimate of -$0.17 per share.

The company's quarterly revenues amounted to $2.381 bln (-12.4% y/y), generally in line with analysts' consensus estimate of $2.372 bln.

AA rose to $7.93 (+5.03%) in pre-market trading.

USD/CHF: Pushing higher – Credit Suisse

EUR/USD: Major pivot at 1.0770 – TDS

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