Alcoa (NYSE:AA) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This content is powered by Benzinga APIs. For comprehensive financial data and transcripts,
Alcoa Corporation (NYSE: AA) expected to report Q2 earnings of $2.24 per share and $4.12 billion in revenue on July 16. Acquiring South32's assets. Analysts' ratings available on Benzinga.
Alcoa agreed to acquire South32's bauxite, alumina, and aluminum assets for $4.1 billion, sending shares down 9% to $47.41 amid dilution and bridge financing concerns.
The sell-off may prove premature, as aluminum inventory levels remain relatively low and it's unclear when smelters in the Arabian Peninsula will return to full capacity.
Alcoa Corporation (NYSE: AA) to release Q1 earnings on April 16. Analysts expect $1.51 EPS, down from $2.15 last year. Stock fell 2% on Wed. Analyst ratings indicate mixed outlook.
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