Company news: Alcoa’s (AA) quarterly revenues beat analysts’ expectations

Alcoa (AA) reported Q1 FY2024 loss of $0.81 per share (versus $(0.23) per share in Q1 FY2023), worse than analysts’ consensus estimate of $(0.64) per share.

The company’s quarterly revenues amounted to $2.599 bln (-2.7% y/y), beating analysts’ consensus estimate of $2.545 bln.

AA rose to $36.35 (+2.25%) in pre-market trading.