Alcoa reported a third-quarter net profit of $483 million, more than doubling from $232 million a year earlier, driven by higher production and alumina prices. Revenue rose 24% year-on-year to $3.70 billion but fell 7% from the previous quarter due to lower aluminium shipments and prices. The company improved operational output, including restarting its Alumar smelter and setting production records, while reaffirming its 2026 production forecasts. Alcoa expects some earnings pressure in Q4 from maintenance and raw material costs but remains on track to complete its South32 acquisition in early 2027.
Alcoa Corporation's stock price surged by 6.88% to USD 43.20 on Pluang as of Oct 16, 2026, 22:41 WIB, reflecting strong investor interest following the company's report of more than doubled quarterly profit. The stock's market capitalization stands at $10.67 billion, with all current Pluang order activity favoring buying. This price movement complements the company's operational improvements and production growth highlighted in the recent earnings update.
Alcoa's shares rose 8% following a Q3 earnings beat with adjusted earnings of $1.82 per share, surpassing estimates, despite slightly missing revenue forecasts. The company also agreed to sell part of its New York Massena East site for data center de...
Alcoa will release its Q3 2026 earnings on October 15, with analysts divided on earnings per share and revenue forecasts due to factors like rising aluminum sales, inventory changes, and higher input costs. The company expects a 54.9% jump in aluminu...
South32 shareholders are voting on an $8 billion deal to sell aluminium and alumina assets to Alcoa, marking a strategic shift towards higher-growth base metals like copper and silver. The sale includes major stakes in Worsley Alumina and other facil...
