Alcoa Corporation Reports Fourth Quarter and Full-Year 2017 Results
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Alcoa (AA) PT Raised to $59 at Cowen
January 18, 2018 6:08 AM ESTCowen raised its price target on Alcoa (NYSE: AA) to $59.00 (from $51.00) while maintaining a Market Perform rating following Q4 results.
Analyst Novid Rassouli noted adjusted EBITDA was below views driven primarily by short-term operational challenges. Meanwhile, the alumina segment saw... More
Alcoa (AA) Misses Q4 EPS by 21c
January 17, 2018 4:11 PM ESTAlcoa (NYSE: AA) reported Q4 EPS of $1.04, $0.21 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.29 billion.
$775 million of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) excluding special items, up 38 percent sequentially, on higher alumina pricingBased on January 2018 market assumptions, Alcoa is projecting full-year 2018... More
