Alcoa: Q2 Earnings Snapshot
By AP News
Published - Jul 17, 2024, 04:20 PM ET
Last Updated - Jul 17, 2024, 04:20 PM EDT
PITTSBURGH (AP) — PITTSBURGH (AP) — Alcoa Corp. (AA) on Wednesday reported second-quarter net income of $20 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Pittsburgh-based company said it had profit of 11 cents. Earnings, adjusted for one-time gains and costs, were 16 cents per share.
The bauxite, alumina and aluminum products company posted revenue of $2.91 billion in the period.
Alcoa shares have risen roughly 9% since the beginning of the year, while the S&P's 500 index has increased 17%. In the final minutes of trading on Wednesday, shares hit $37.03, a rise of 4% in the last 12 months.
