Alcoa Swings to Q3 Loss; Cuts Alumina, Bauxite Shipment Guidance

seekingalpha2022-10-20

Alcoa stock fell 8.3% post-market Wednesday after reporting a surprise Q3 adjusted loss and lowering its full-year alumina and bauxite shipment projections.The company reported a Q3 net loss of $746M,...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Sky Tgr
2022-10-20
Sky Tgr
Buy buy buy!
Bull1973
2022-10-20
Bull1973
Ok
Worpeng2002
2022-10-20
Worpeng2002
Ok
V.lye
2022-10-20
V.lye
Ok
Vicholes
2022-10-20
Vicholes
[Happy]
- Vicholes:
  [Happy]

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2276393654?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-10-20 07:20","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2276393654","market":"us","top_or_hot":-1,"title":"Alcoa Swings to Q3 Loss; Cuts Alumina, Bauxite Shipment Guidance","media":"seekingalpha","content":"<div>\n<p>Alcoa stock fell 8.3% post-market Wednesday after reporting a surprise Q3 adjusted loss and lowering its full-year alumina and bauxite shipment projections.The company reported a Q3 net loss of $746M,...</p>\n\n<a href=\"https://seekingalpha.com/news/3892904-alcoa-swings-to-q3-loss-cuts-alumina-bauxite-shipment-guidance\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alcoa Swings to Q3 Loss; Cuts Alumina, Bauxite Shipment Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlcoa Swings to Q3 Loss; Cuts Alumina, Bauxite Shipment Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 07:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3892904-alcoa-swings-to-q3-loss-cuts-alumina-bauxite-shipment-guidance><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alcoa stock fell 8.3% post-market Wednesday after reporting a surprise Q3 adjusted loss and lowering its full-year alumina and bauxite shipment projections.The company reported a Q3 net loss of $746M,...</p>\n\n<a href=\"https://seekingalpha.com/news/3892904-alcoa-swings-to-q3-loss-cuts-alumina-bauxite-shipment-guidance\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://seekingalpha.com/news/3892904-alcoa-swings-to-q3-loss-cuts-alumina-bauxite-shipment-guidance","article_id":"2276393654","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2276393654","pubTimestamp":1666221610,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Alcoa stock fell 8.3% post-market Wednesday after reporting a surprise Q3 adjusted loss and lowering","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"美国铝业第三季度亏损；氧化铝，铝土矿装运指南","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Alcoa stock fell 8.3% post-market Wednesday after reporting a surprise Q3 adjusted loss and lowering its full-year alumina and bauxite shipment projections.The company reported a Q3 net loss of $746M, or a loss of $4.17/share, including $652M of restructuring charges related primarily to pension actions, compared with a $397M profit, or $1.76/share, in the year-earlier quarter, and adjusted EBITDA -71% to $210M from $728M in the year-earlier quarter.Q3 revenues tumbled 8% to $2.85B from $3.11B a year ago, as the company cited lower alumina and aluminum prices, as the average realized third-party price of alumina fell 16% and the average realized third-party price of aluminum fell 17%.Total costs and expenses in the quarter rose to $3.58B from $2.61B in the prior-year period.Alcoa (AA) produced 497K metric tons of aluminum in the quarter, which was consistent with the prior quarter's strong output.While Alcoa (AA) still forecasts full-year aluminum shipments of 2.5M-2.6M metric tons, the company lowers guidance for alumina shipments to 13.1M-13.3M tons from its earlier outlook for 13.6M-13.8M tons, and it sees bauxite shipments of 43M-44M tons vs. prior guidance of 44M-45M tons.Alcoa's (AA) stock price return shows a 37% decline YTD and a 30% loss during the past year.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9983659298,"gmtCreate":1666231390614,"gmtModify":1676537726558,"author":{"id":"4105164288302490","authorId":"4105164288302490","name":"Sky Tgr","avatar":"https://static.itradeup.com/news/2df38375a020643507d69e511e3afc6b","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"4105164288302490","authorIdStr":"4105164288302490"},"htmlText":"Buy buy buy!&nbsp;","listText":"Buy buy buy!&nbsp;","text":"Buy buy buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983659298","repostId":2276393654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983661734,"gmtCreate":1666229378229,"gmtModify":1676537725806,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584680402793671","authorIdStr":"3584680402793671"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983661734","repostId":2276393654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983878088,"gmtCreate":1666223407144,"gmtModify":1676537723998,"author":{"id":"3582000520700468","authorId":"3582000520700468","name":"Worpeng2002","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582000520700468","authorIdStr":"3582000520700468"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983878088","repostId":2276393654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983851044,"gmtCreate":1666221784589,"gmtModify":1676537723381,"author":{"id":"4088902048392220","authorId":"4088902048392220","name":"V.lye","avatar":"https://static.tigerbbs.com/7233306780623a2802ebfc0893c0cc52","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4088902048392220","authorIdStr":"4088902048392220"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983851044","repostId":2276393654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983859753,"gmtCreate":1666221678973,"gmtModify":1676537723350,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983859753","repostId":2276393654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104421859,"gmtCreate":1666221683883,"gmtModify":1666221687348,"authorId":4088125554959510,"author":{"id":4088125554959510,"idStr":"4088125554959510","authorId":4088125554959510,"name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9983859753,"type":1,"supId":0,"prevId":0,"content":"[Happy]","text":"[Happy]","html":"[Happy]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":62,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2276393654"}