Why Alcoa Shares Are Trading Lower Today
Alcoa Corp (NYSE: AA) shares are trading lower Thursday after the company announced worse-than-expected top-line results.
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The Latest Breaking News from Alcoa Corp
Alcoa Shares Fall After Q1 Results Miss Revenue Expectations, Production Decrease
Alcoa Corp (NYSE:AA) reported first-quarter revenue growth of 14.7% year-over-year to $3.29 billion, missing the consensus of $3.44 billion. Adjusted EPS improved to $3.06, beating the consensus of $2.97. Adjusted EBITDA doubled to $1.07 billion (+105.8% Y/Y), and the margin expanded by 1,440 bps to 32.5%. Aluminum segment, revenue increased 3% sequentially due…
Benzinga ·
Here's How Apple Looks To Reduce Carbon Footprint While Manufacturing iPhone SE
Apple Inc (NASDAQ:AAPL) looked to buy its first industrial-size batch of carbon-free aluminum for its low-cost iPhone SE to reduce its carbon footprint. The financial terms of the transaction remain undisclosed. Apple first bought a smaller batch of the lab-made metal in 2019 from Elysis. Elysis is a joint venture between two of…
Benzinga ·
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