Aluminum producer Alcoa reported better than expected fourth quarter earnings on Wednesday. Aluminum has seen prices rise 50% yr/yr. AA reporting quarterly records for adjusted net income and adjusted EBITDA. Revenue rose 38% yr/yr, Alcoa’s highest growth rate in over five years. Alcoa Corp NYSE: AA Reported Earnings After Close Wednesday $2.50 Beat $1.93 EPS AND $3.30 Billion Beat $3.30 Billion Forecast in Revenue Earnings Alcoa reported $896 million in Ebitda in line with estimates. Adjusted earnings of $2.50 a share … Continue reading “Soaring Aluminum Prices Boost Alcoa Earnings to Highest Growth Rate in Over Five Years”
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