Add as a preferred source on GoogleAlcoa Shares Rise 5.8% as Third-Quarter Net Income More Than Doubles
Alcoa posted $483 million in attributable net income, while revenue fell 7% sequentially and adjusted EPS declined to $1.82 from $2.12.
Alcoa shares rose 5.8% in Friday trading after the company posted its third-quarter results, as attributable net income more than doubled from a year earlier. Revenue increased year over year but declined from the second quarter.
Net income attributable to Alcoa was $483 million, compared with $232 million a year earlier. Revenue totaled $3.704 billion, up 24% year over year and down 7% sequentially.
Adjusted earnings per share were $1.82, compared with $2.12 in the second quarter. TokenPost’s earlier coverage details Alcoa’s production, shipments and segment results.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.