Alcoa: Q1 Earnings Insights

Alcoa AA reported its Q1 earnings results on Wednesday, April 19, 2023 at 04:10 PM.

Here's what investors need to know about the announcement.

Alcoa missed estimated earnings by 130.0%, reporting an EPS of $-0.23 versus an estimate of $-0.1.

Revenue was down $623.00 million from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 7.35% drop in the share price the next day.

Here's a look at Alcoa's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.75	0.13	2.45	2.97
EPS Actual	-0.70	-0.33	2.67	3.06
Revenue Estimate	2.65B	2.94B	3.56B	3.44B
Revenue Actual	2.66B	2.85B	3.64B	3.29B

To track all earnings releases for Alcoa visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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