Alcoa: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Alcoa Corporation (NYSE:AA) reported Q4 earnings with an EPS of $-0.56, beating estimates by 28.21% against the expected $-0.78. However, revenue declined by $68 million compared to the same period last year. In the previous quarter, a miss on EPS estimates led to an 8.6% drop in share price the following day. Alcoa's past earnings performance shows mixed results with both beats and misses on EPS estimates.
January 17, 2024 | 9:15 pm
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Alcoa Corporation reported better-than-expected Q4 earnings but saw a decrease in revenue compared to last year. Historical data suggests that a miss in earnings can negatively affect the stock price.
While Alcoa beat EPS estimates, which could be seen as positive, the decline in revenue and historical stock price drop following an earnings miss suggest a neutral short-term impact. Investors may have mixed reactions to the earnings beat and revenue decline.
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IMPORTANCE 75
RELEVANCE 100