Alcoa (NYSE: AA) reported Q1 EPS of ($0.23), $0.12 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $2.72 billion versus the consensus estimate of $2.81 billion.

2019 Outlook

The Company’s 2019 shipment outlook for Bauxite, Alumina and Aluminum remains unchanged from the prior full-year estimates. Total annual bauxite shipments are expected to be between 47.0 and 48.0 million dry metric tons. Total alumina shipments are projected to be between 13.6 and 13.7 million metric tons with anticipated operational improvements and higher year-on-year production. Aluminum shipments are expected to be between 2.8 and 2.9 million metric tons.

In the second quarter of 2019, Alcoa expects favorable improvements from third-party energy sales in Brazil and lower alumina costs to the Aluminum segment. In addition, the Company also expects moderate benefits from declines in raw material prices, primarily in the Alumina segment.

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