Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Alcoa Are Falling Today

TheMotleyFool

0 0

Shares of Alcoa (NYSE: AA) fell 10% on Thursday morning following the company's third-quarter earnings release. Results actually came in ahead of expectations, but investors were more focused on the company's weak forecast for the months ahead.

After markets closed Wednesday, Alcoa reported a third-quarter loss of $1.17 per share on revenue of $2.37 billion, topping expectations for a $1.38-per-share loss on sales of $2.2 billion. Alcoa generated $84 million in free cash flow during the quarter and managed to grow adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by 54% from the prior quarter thanks to improving demand for aluminum.

Image source: Getty Images.

Source Fool.com

Like: 0

Share