Alcoa (AA) Misses Q3 EPS by 5c, Sales Beat; Raises Adj-EBITDA Outlook
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Price: $35.94 -0.39%
Revenue Growth %: -2.6%
Financial Fact:
Sales (J): 5.21B
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: -2.6%
Financial Fact:
Sales (J): 5.21B
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Alcoa (NYSE: AA) reported Q3 EPS of $0.72, $0.05 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $3.08 billion versus the consensus estimate of $2.96 billion.
- Net income of $113 million, or $0.60 per share
- Excluding special items, adjusted net income of $135 million, or $0.72 per share
- $561 million of adjusted earnings before interest, tax, depreciation and amortization (EBITDA) excluding special items, up 16 percent sequentially, on improved aluminum pricing and higher aluminum and bauxite shipments
- Revenue of $3.0 billion, up 4 percent sequentially, driven primarily by improved aluminum pricing, higher aluminum shipments and increased energy sales
- $1.1 billion cash balance and $1.4 billion of debt, for net debt of $0.3 billion, as of September 30, 2017
- Company raised its 2017 outlook for adjusted EBITDA excluding special items to approximately $2.4 billion
For earnings history and earnings-related data on Alcoa (AA) click here.
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