Earnings Season | AA Jumps on 100% EPS Beat; Parkway Dips as NPI Decreases!
1. $Alcoa(AA)$ jumped 5% in premarket trading after it reported a strong third quarter with increased aluminum production for the eighth consecutive quarter.
Alcoa's reported third-quarter EPS beat the analyst estimate by approximately 103.57%.
Q3 EPS of $0.57, $0.29 better than the analyst estimate of $0.28.
Revenue for the quarter came in at $2.9B versus the consensus estimate of $2.97B. Third-party revenue decreased in the aluminum segment due to lower shipments.
2. $ParkwayLife Reit(C2PU.SI)$ closed 0.75% down after its earnings missed estimates.
Net Property Income (NPI) decreased by 2.1% yoy to $102.4 million in Q3 2024.
Gross revenue fell by 2.2% YoY to $108.5 million for the quarter, attributed to the depreciation of the Japanese Yen.
Contributions from a nursing home acquired in August 2024 and two more in October 2024 helped mitigate the negative impact of the Yen's depreciation.
Distribution Per Unit (DPU) increased by 2.8% YoY to $0.1130 year-to-date, with Q3 DPU to be distributed as part of H2 2024 distribution.
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- KSR·08:45👍LikeReport