Alcoa Q2 2024 Adj EPS $0.16 Beats $0.06 Estimate, Sales $2.91B Beat $2.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alcoa (NYSE:AA) reported Q2 2024 adjusted EPS of $0.16, significantly beating the analyst estimate of $0.06. The company also reported sales of $2.91 billion, surpassing the $2.84 billion estimate and marking an 8.27% increase from the same period last year.
July 17, 2024 | 8:12 pm
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POSITIVE IMPACT
Alcoa's Q2 2024 earnings and sales significantly beat analyst estimates, with EPS at $0.16 versus $0.06 expected and sales at $2.91 billion versus $2.84 billion expected. This strong performance is likely to positively impact the stock price in the short term.
Alcoa's strong earnings and sales performance, significantly beating analyst estimates, is a positive indicator for the company's financial health and investor sentiment. This is likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100