Yahoo Finance Alcoa First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Alcoa (NYSE:AA) First Quarter 2024 Results
Key Financial Results
Revenue: US$2.60b (down 2.7% from 1Q 2023).
Net loss: US$252.0m (loss widened by 9.1% from 1Q 2023).
US$1.41 loss per share (further deteriorated from US$1.30 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alcoa Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in the US.
Performance of the American Metals and Mining industry.
The company's shares are down 2.1% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Alcoa that you need to be mindful of.
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