Aluminum producer Alcoa rises after third-quarter profit beat
16/10/2026 09:43
BUZZ-Aluminum producer Alcoa rises after third-quarter profit beat ** Shares of aluminum producer Alcoa Corporation AA.N up 1.88% at $41.18 premarket
** Alcoa reported Q3 adj. EPS of $1.81, beating analysts' estimate of $1.47 — data compiled by LSEG
** Company reported quarterly revenue of $3.70 billion, missing analysts' estimate of $3.79 billion
** Company sees higher raw material costs weighing on fourth-quarter aluminum segment adjusted EBITDA by about $30 million sequentially
** Stock trading at 6.66 times expected EPS over the next 12 months, above industry median of 3.45
** 10 of 15 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell"; median PT $55
** As of last close, Alcoa stock down over 23%, YTD
(Reporting by Jayasree Prabhu)