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FX.co ★ Alcoa Corp. Q2 Earnings Summary

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typeContent_19130:::2024-07-17T21:16:00

Alcoa Corp. Q2 Earnings Summary

Alcoa Corp. (AA) delivered notable earnings for the second quarter:

- **Net Income:** Alcoa reported a net income of $20 million, a significant turnaround from a loss of $102 million in the same period last year.

- **Earnings Per Share (EPS):** EPS for Q2 stood at $0.11, compared to a loss of $0.57 in the previous year's Q2.

- **Adjusted Earnings:** After excluding certain items, the company posted adjusted earnings of $30 million, or $0.16 per share.

- **Analysts' Expectations:** Analysts had anticipated earnings of $0.08 per share.

- **Revenue:** Alcoa's revenue increased to $2.91 billion in Q2 from $2.68 billion in the same quarter last year.

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