Alcoa Q3 Adj. EPS $(1.14) Misses $(1.13) Estimate, Sales $2.60B Beat $2.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alcoa (NYSE:AA) reported Q3 losses of $(1.14) per share, missing the analyst consensus estimate of $(1.13) by 0.88 percent. This is a 245.45 percent decrease over losses of $(0.33) per share from the same period last year. However, the company beat the sales estimate of $2.59 billion by reporting $2.60 billion, a 0.42 percent increase but an 8.73 percent decrease from the same period last year.
October 18, 2023 | 8:13 pm
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Alcoa's Q3 earnings per share missed estimates, while sales slightly beat estimates but are down year-over-year.
Alcoa's Q3 earnings per share missed the analyst consensus estimate, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the company's sales beat estimates, which could offset some of the negative impact. The year-over-year decrease in sales could also negatively affect the stock price.
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