Alcoa Q4 EPS $(0.56) Beats $(0.78) Estimate, Sales $2.60B Miss $2.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alcoa Corporation (NYSE:AA) reported Q4 earnings with a loss per share of $(0.56), beating the estimated $(0.78) by 28.21%. However, sales of $2.60B fell short of the $2.63B estimate, marking a 2.55% decrease from the previous year.
January 17, 2024 | 9:10 pm
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Alcoa's Q4 EPS loss was better than expected, but revenue missed estimates and showed a year-over-year decline.
While Alcoa beat EPS estimates, which could be seen as a positive, the miss on revenue and the year-over-year decline may temper investor enthusiasm. The mixed results lead to a neutral score, as the positive EPS beat is offset by the negative sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100