Alcoa Reports Third Quarter 2016 Results
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Alcoa's (AA) Price Target Trimmed at Deutsche Bank
October 12, 2016 7:54 AM EDTDeutsche Bank maintained a Buy rating on Alcoa (NYSE: AA) but lowered its price target to price target of $33.00 (from $36.00). The change follows the release of Q3 results.
Analyst Jorge Beristain said, "Alcoa reported adj. dil. EPS of $0.32, below DBe of $0.33 and Thomson One... More
BofA/Merrill Lynch Downgrades Alcoa (AA) to Neutral
October 11, 2016 4:50 PM EDTBofA/Merrill Lynch downgraded Alcoa (NYSE: AA) from Buy to Neutral.
For an analyst ratings summary and ratings history on Alcoa click here. For more ratings news on Alcoa click here.
Shares of Alcoa closed at $31.51 yesterday.
... MoreAlcoa (AA), USW Reach Agreement on Effects of Alcoa/Arconic Separation
October 11, 2016 9:52 AM EDTThe United Steelworkers (USW) announced that it has reached an agreement with Alcoa on the effects of the company's pending separation into two independent, publicly-traded businesses: Arconic and Alcoa Corporation.
"This agreement affirms that that current labor and benefits agreements will remain in force and that past interpretations, practices and arbitration history will be observed by both companies," said USW International President Leo W. Gerard.
"The separation raised serious concerns about retiree... More
Alcoa (AA) Misses Q3 EPS by 2c
October 11, 2016 7:47 AM EDTAlcoa (NYSE: AA) reported Q3 EPS of $0.32, $0.02 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $5.21 billion versus the consensus estimate of $5.33 billion.
Q3 highlights:
Alcoa completed a 1-for-3 reverse stock split of its common stock; per share amounts in this announcement reflect the reverse stock splitNet income of $166 million, or $0.33 per share; excluding special items, adjusted net income of $161 million, or $0.32 per shareRevenue of $5.2 billion, down 6 percent year over year, largely due to... More