Alcoa Q3 2024 Adj. EPS $0.57 Beats $0.28 Estimate, Sales $2.904B Miss $2.967B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alcoa reported its Q3 2024 financial results, with adjusted EPS of $0.57 beating the estimate of $0.28, while sales of $2.904 billion missed the estimate of $2.967 billion.
October 16, 2024 | 8:24 pm
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Alcoa's Q3 2024 adjusted EPS of $0.57 exceeded expectations, but sales fell short of estimates. This mixed result may lead to volatility in the stock price.
Alcoa's better-than-expected EPS suggests strong profitability, which is positive for the stock. However, the sales miss indicates potential challenges in revenue generation, creating a mixed outlook. This could lead to short-term volatility as investors weigh the positive EPS against the sales miss.
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IMPORTANCE 80
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