Alcoa Corp. (AA) recently released its earnings report with significant improvements noted:
- The company posted a net income of $90 million for the third quarter, a substantial turnaround from the loss of $168 million recorded in the same quarter last year.
- Earnings per share (EPS) stood at $0.38 for Q3, compared to a negative $0.94 EPS in the previous year’s corresponding period.
- When excluding certain items, Alcoa Corp.'s adjusted earnings amounted to $135 million, translating to $0.57 per share.
These figures surpassed analysts' expectations, who had forecasted earnings of $0.28 per share.
- Revenue also saw an increase, coming in at $2.904 billion for the third quarter, up from $2.602 billion in the same period last year.
