Alcoa (AA) Tops Q2 EPS by 2c

Alcoa (NYSE: AA) reported Q2 EPS of $0.62, $0.02 better than the analyst estimate of $0.60. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.85 billion.

• Net income of $75 million, or $0.40 per share
• Excluding special items, adjusted net income of $116 million, or $0.62 per share
• Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), excluding special items, of $483 million, down 9 percent sequentially on lower alumina prices
• Revenue of $2.9 billion, up 8 percent sequentially, on higher shipments
• $954 million cash balance and $1.4 billion of debt for net debt of $0.5 billion as of June 30, 2017
• Company tightened its 2017 outlook for adjusted EBITDA, excluding special items, to $2.1 billion to $2.2 billion

For earnings history and earnings-related data on Alcoa (AA) click here.

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