Company news: Alcoa’s (AA) quarterly results beat analysts’ forecasts

Alcoa (AA) reported Q4 FY2024 earnings of $1.04 per share (versus $(0.56) per share in Q4 FY2023), beating analysts’ consensus estimate of $0.95 per share.

The company’s quarterly revenues amounted to $3.486 bln (+34.3% y/y), beating analysts’ consensus estimate of $3.370 bln.

The company also announced it expects FY2025 total Alumina segment production to range between 9.5 and 9.7 million metric tons, a decrease from АН2024 due to the curtailment of the Kwinana refinery. Alumina shipments are projected to be between 13.1 and 13.3 million metric tons, consistent with FY2024. Meanwhile, FY2025 total Aluminum segment production is predicted to range between 2.3 and 2.5 million metric tons, an increase from FY2024 due to smelter restarts, and aluminum shipments are expected to range between 2.6 and 2.8 million metric tons.

AA fell to $38.02 (-1.96%) in pre-market trading.