Alcoa (NYSE:AA) reported its Q1 earnings results on Wednesday, April 19, 2023 at 04:10 PM.
Here’s what investors need to know about the announcement.
Earnings
Alcoa missed estimated earnings by 130.0%, reporting an EPS of $-0.23 versus an estimate of $-0.1.
Revenue was down $623.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 7.35% drop in the share price the next day.
Here’s a look at Alcoa’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.75 | 0.13 | 2.45 | 2.97 |
| EPS Actual | -0.70 | -0.33 | 2.67 | 3.06 |
| Revenue Estimate | 2.65B | 2.94B | 3.56B | 3.44B |
| Revenue Actual | 2.66B | 2.85B | 3.64B | 3.29B |
To track all earnings releases for Alcoa visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
