Alcoa (AA) Tops Q1 EPS by 10c

Alcoa (NYSE: AA) reported Q1 EPS of $0.63, $0.10 better than the analyst estimate of $0.53. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.96 billion.

• Net income of $225 million, or $1.21 per share
• Excluding special items, adjusted net income of $117 million, or $0.63 per share
• Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), excluding special items of $533 million, up 59 percent sequentially driven by higher alumina and aluminum pricing
• Revenue of $2.7 billion, up 5 percent sequentially, reflecting increased alumina and aluminum pricing
• $804 million cash balance and $1.45 billion of debt, for net debt of $0.65 billion, as of March 31, 2017
• Company continues to expect full-year 2017 adjusted EBITDA, excluding special items, between $2.1 billion and $2.3 billion

For earnings history and earnings-related data on Alcoa (AA) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Credo Technology pops 3.5% as Evercore initiates with monster $325 price target
• Sun Communities names Ileana McAlary as general counsel and EVP