Alcoa (AA) Tops Q1 EPS by 10c
Alcoa (NYSE: AA) reported Q1 EPS of $0.63, $0.10 better than the analyst estimate of $0.53. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.96 billion.
- Net income of $225 million, or $1.21 per share
- Excluding special items, adjusted net income of $117 million, or $0.63 per share
- Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), excluding special items of $533 million, up 59 percent sequentially driven by higher alumina and aluminum pricing
- Revenue of $2.7 billion, up 5 percent sequentially, reflecting increased alumina and aluminum pricing
- $804 million cash balance and $1.45 billion of debt, for net debt of $0.65 billion, as of March 31, 2017
- Company continues to expect full-year 2017 adjusted EBITDA, excluding special items, between $2.1 billion and $2.3 billion
For earnings history and earnings-related data on Alcoa (AA) click here.
