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

Market news

16 July 2020

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

Alcoa (AA) reported Q2 FY 2020 loss of $0.02 per share (versus -$0.01 per share in Q2 FY 2019), much better than analysts’ consensus estimate of -$0.23 per share.

The company’s quarterly revenues amounted to $2.148 bln (-20.8% y/y), beating analysts’ consensus estimate of $2.116 bln.

AA rose to $13.20 (+4.02%) in pre-market trading.

EUR: Little to get excited about the ECB meeting - ING

AUD/USD: A strong tie to financial commodities – ANZ

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