Alcoa Boosted Cash Position to Weather ‘Challenging’ Market
(Bloomberg) -- Alcoa Corp. said it’s boosting its cash position to weather “challenging market conditions,” reassuring investors rattled by uncertainty over the outlook for demand amid the virus pandemic.The cash balance at the top U.S. aluminum producer incre
Bloomberg · 4小时前
Canada Ambassador Asks for ‘Patience’ in Aluminum Spat With U.S.
(Bloomberg) -- Canada said the U.S. should be patient about determining whether to reimpose aluminum tariffs on imports, but says the country will retaliate if the U.S. pulls the trigger.At the heart of the tariff debate is the question of whether Canadian raw
Bloomberg · 5小时前
Alcoa Corp. stock rallies after aluminum producer posts narrower Q2 loss
Shares of Alcoa Corp. jumped 9% in the extended session Wednesday after the aluminum and alumina producer reported a narrower second-quarter loss and sales were slightly ahead of expectations. Alcoa lost $197 million, or $1.06 a share, in the quarter, compare
MarketWatch · 5小时前
Alcoa Q2 Adj. EBITDA $185M vs $455M In Same Qtr. Last Year
Alcoa (NYSE:AA) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.54) by 96.3 percent. This is a 100 percent decrease over losses of $(0.01) per share from the same period
Benzinga · 5小时前
Alcoa Corporation Reports Second Quarter 2020 Results: Strong, stable operating performance with higher production; cash preservation and productivity help mitigate economic impact of COVID-19
Alcoa Corporation (NYSE: AA) today reported second quarter 2020 results consistent with the Company’s previously announced preliminary results and reflect improved productivity and continued operational stability during the COVID-19 pandemic.