Alcoa Corporation Reports Third Quarter 2022 Results

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Alcoa (AA) Misses Q3 EPS by 52c

October 19, 2022 4:17 PM EDT

Alcoa (NYSE: AA) reported Q3 EPS of ($0.33), $0.52 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $2.85 billion versus the consensus estimate of $3.01 billion.

2022 Outlook

The Company expects total Aluminum segment shipments to remain unchanged from the prior projection, ranging between 2.5 and 2.6 million metric tons in 2022.

In Alumina, the Company has decreased its 2022 projection for shipments to range between 13.1 and 13.3 million metric tons, a reduction of 0.5 million metric tons from the prior projection... More