Movement Alert｜Alcoa Intraday Rise 5.15% in Regular Trading, Q3 EPS Beat Offsets Revenue Miss

Market Focus10-16

On October 16, Alcoa rose 5.15% in Regular Trading, trading at $42.47/share, with turnover of $41.11 million.

The move followed the company’s latest quarterly results: adjusted EPS came in at $1.82, above market expectations of roughly $1.47 to $1.51, while revenue was $3.70 billion, up about 24% year over year but slightly below consensus near $3.77 billion to $3.80 billion.

Additional details showed adjusted EBITDA of $789 million, above estimates around $738 million. Alcoa also said it expects fourth-quarter operating momentum to remain strong and reaffirmed its full-year aluminum production outlook. Segment data indicated aluminum revenue rose 51.7% year over year to $3.137 billion, while alumina revenue fell 29.9% to $581 million. The company reported operating cash flow of $643 million and free cash flow of $472 million.

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