Alcoa Analysts Increase Their Forecasts After Upbeat Earnings

Alcoa Corporation (NYSE:AA) reported better-than-expected earnings for the third quarter on Wednesday.

The company reported third quarter sales of $2.904 billion, missing the consensus of $2.967 billion. Adjusted EPS of 57 cents exceeded the consensus of 28 cents.

Alcoa maintains its 2024 Alumina segment production forecast at 9.8 to 10 million metric tons while increasing its shipment projection to 12.9 to 13.1 million metric ...