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Alcoa Inc. latest news:
Alcoa reports bigger quarterly loss
Aluminum producer Alcoa Corp (AA) reported a bigger quarterly loss on Wednesday, hurt by the closure and divestiture of some smelting assets. The net loss attributable to Alcoa (AA) widened to $196 million, or $1.06 per share, in the fourth quarter ended Dec. 31, from $125 million, or $0.68 per share, a year earlier. Revenue rose 25.1 percent to $3.17 billion.
BRIEF-Alcoa Corp Q4 Loss Per Share $1.06
Alcoa Corp(AA): * ORATION REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS. * Q4 ADJUSTED EARNINGS PER SHARE $1.04 EXCLUDING ITEMS. * Q4 LOSS PER SHARE $1.06. * Q4 REVENUE $3.2 BILLION VERSUS I/B/E/S VIEW $3.3 BILLION. * Q4 EARNINGS PER SHARE VIEW $1.26 -- THOMSON REUTERS I/B/E/S. * - QTRLY ALUMINA PRODUCTION 3,331 KMT VERSUS 3,295 KMT.
Alcoa shares fall 5% after quarterly results miss Street view
Alcoa Corp. shares dropped in the extended session Wednesday after the aluminum producer's quarterly results fell short of Wall Street estimates. Alcoa shares dropped 5.4% to $53.89 after hours. The company reported a fourth-quarter loss of $196 million, or $1.06 a share, compared with a loss of $125 million, or 68 cents a share, in the year-ago period. Adjusted earnings were $1.04 a share. Revenue rose to $3.17 billion from $2.54 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $1.23 a share on revenue of $3.28 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Will 2018 Be Alcoa Inc.'s Best Year Yet?
Environmental regulations and trade decisions in China will heavily influence the company's fate this year.
Alcoa locks union workers out of Canada smelter as contract expires
The tussle between Alcoa Corp (AA) and union workers escalated on Thursday after the aluminum producer locked them out of its smelter in Becancour, Quebec as an old contract expired at midnight and talks on a new agreement failed.
Alcoa Canada workers' union rejects contract offer
Jan 10 (Reuters) - Unionized workers at Alcoa Corp's
aluminum smelter in Becancour, Quebec rejected the company's
latest contract offer.
Arconic to cease pension plan accruals; stock pulls back from 11-month high
Arconic Inc.'s stock fell 0.4% in morning trade Monday, to pull back from an 11-month high, after the aluminum company disclosed that it was freezing its defined-benefit pension plan for 7,900 employees. The company, which was spun off from Alcoa in late 2016, said benefit accruals for future service and compensation will cease as of April 1. Service earned after March 31 will count towards eligibility for early retirement. The company expects to record a liability decrease of $140 million in the first quarter, as a result of the cut in future benefits. The stock had closed Friday at the highest level since Feb. 22, 2017. It has rallied 8.8% over the past three months, while the S&P 500 has gained 7.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Why Alcoa Corporation Stock Rocketed 30% Higher in December
Aluminum maker Alcoa had a great month at the end of 2017, here's what drove the massive stock price advance
Back to black? Australian industry prepares for possible summer power cuts
* Top miner BHP installs diesel generation to protect assets. * Alcoa (AA) offers to cut power use for a fee. * Rio Tinto's Tomago warns 3-hour blackout would be fatal. * But market operator sees extremely slim chance of blackout. By Sonali Paul and James Regan.
Alcoa Canada, union resume aluminum smelter contract talks
TORONTO, Nov 23 (Reuters) - Alcoa Corp and the United
Steelworkers have agreed to resume contract talks with a
government-appointed conciliator, the union said on Thursday,
averting a potential strike at the Becancour, Quebec aluminum
Brazil's BRF appoints Drummond as CEO
The board of Brazilian food processor BRF SA (BRFS) has appointed José Aurélio Drummond Jr as its new chief executive officer, according to a securities filing on Wednesday. Drummond, who previously ran Brazilian energy company Eneva SA and the Latin American operations of appliance maker Whirlpool Corp (WHR) and aluminum producer Alcoa Corp (AA), will replace Pedro Faria, effective Dec. 22.
Union at Alcoa Canada aluminum smelter backs strike mandate
Unionized workers at Alcoa Corp's Canadian aluminum smelter in Becancour, Quebec have rejected the company's contract offer and adopted a strike mandate, the United Steelworkers said on Wednesday.
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