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Alcoa Inc. stock price
Alcoa Inc. latest news:
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.
BRIEF-Alcoa amends $1.5 billion revolving credit agreement
* Alcoa corporation amends revolving credit agreement with
improved terms and greater flexibility
BRIEF-Greenlight Capital dissolves stake in Alcoa, raises in Hewlett Packard Enterprise
* Greenlight Capital Inc dissolves share stake in Alcoa Corp
BRIEF-Alcoa Corp reports Q3 earnings per share $0.60
Alcoa Corp(AA). * Alcoa Corp(AA) reports third quarter 2017 results. * Q3 adjusted earnings per share $0.72 excluding items. * Q3 earnings per share $0.60. * Q3 revenue $3.0 billion versus I/B/E/S view $2.96 billion.
Alcoa misses on earnings but beats on revenue
Alcoa Corp. profit came in lighter than expected for the aluminum company's third quarter on Wednesday, but revenue was a slight beat. Alcoa reported net income of $113 million, or 60 cents a share, on sales of $3 billion; after adjustments for "special items," the company claimed earnings of 72 cents a share. Analysts on average expected adjusted earnings of 74 cents a share on sales of $2.93 billion, according to FactSet. In the year-ago quarter, Alcoa posted adjusted earnings of 96 cents a share on revenue of $5.2 billion, before a corporate split separated the Alcoa raw-aluminum business from other, faster-growing endeavors. Alcoa also said it increased its forecast for adjusted ebitda for the full year, to $2.4 billion. Shares bounced between slight gains and losses after the announcement, after closing at $47.75.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.
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