Alcoa Corp. (NYSE:AA) reported first-quarter results after Thursday’s closing bell, missing analyst estimates on the top and bottom lines.
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Here’s a look at the details.
Q1 Miss x2
Alcoa reported quarterly earnings of $1.40 per share, which missed the consensus estimate of $1.49, according to Benzinga Pro data.
The company said the results “reflect improved profitability from higher aluminum prices.”
However, quarterly revenue came in at $3.19 billion, missing the Street estimate of $3.3 billion and falling short of $3.37 billion from the same period last year.
Alcoa reported the following first quarter metrics:
- Production: Alumina production decreased 5% sequentially to 2.4 million metric tons. In the Aluminum segment, production was flat sequentially.
- Shipments: In the Alumina segment, third-party shipments of alumina decreased 31% sequentially primarily due to lower sales of externally sourced alumina to fulfill customer commitments, seasonally lower first quarter shipments, and shipment delays in Australia, primarily related to the Middle East conflict and Cyclone Narelle.
Outlook: Alcoa maintained its previous 2026 total Alumina segment production and shipments estimates, ranging between 9.7 to 9.9 million metric tons, and between 11.8 and 12 million metric tons, respectively.
AA Stock Price: According to data from Benzinga Pro, Alcoa stock fell 5.55% to $66.50 in Thursday’s extended trading.
Photo: PJ McDonnell / Shutterstock
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