Alcoa Q1 Adj $(0.81) May Not Compare To $(0.55) Estimate, Sales $2.60B Beat $2.56B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alcoa reported its Q1 results with an adjusted loss of $0.81 per share, which did not meet the expected $0.55 loss per share estimate. However, its sales of $2.60 billion exceeded the forecast of $2.56 billion.
April 17, 2024 | 8:11 pm
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Alcoa's Q1 earnings report showed a larger loss per share than analysts expected but exceeded sales forecasts.
The mixed Q1 results for Alcoa, with a higher-than-expected loss but better-than-anticipated sales, could lead to neutral market reactions. Investors might weigh the negative earnings surprise against the positive sales performance, leading to uncertain short-term stock price movements.
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