Alcoa Corp. (NYSE: AA) delivered a solid earnings report, but the stock is down about 3% the morning after its first quarter earnings report. Revenue of $3.37 billion was lighter than the $3.58 billion that analysts were forecasting. However, earnings per share (EPS) of $2.15 came in 24% higher than analysts’ estimates and over 360% higher than the negative 81 cents per share EPS on a year-over-year basis.
[content-module:CompanyOverview|NYSE:AA]Because Alcoa is directly linked to the current tariff turmoil, analysts and investors wanted to know how the company would handle its future guidance. It’s early into earnings season, but some companies have chosen not to issue forward guidance.
