share_log

Alcoa Shares Rise After-Hours as Earnings Beat Estimates

Benzinga ·  Jan 22 21:33  · Earnings

$Alcoa (AA.US)$ shares advanced 1.7% in extended trading after the largest U.S. aluminum producer reported quarterly earnings that beat analysts' estimates.

The company said fourth quarter earnings reached $1.04 per share, beating analysts' average estimate of $0.97 by 7.22 percent. In the same period a year earlier, the company reported a loss of 56 cents per share.  

Quarterly sales rose 34% to $3.486 billion, exceeding consensus estimate of $3.339 billion.  

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
Comment Comment · Views 1504

Recommended

Write a comment