AA Stock Recent News

Alcoa (AA) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of a loss of $0.99. This compares to loss of $0.70 per share a year ago.

Pre-market futures are down again, dragging all major indices into the red year-to-date. We're riding three-day losing streaks on the Dow and small-cap Russell 2000, with the S&P 500 and Nasdaq down in two of the past three sessions.

We've just seen a six-day Nasdaq winning streak broken, while the Dow has submitted its worst trading day since December 20th.

Alcoa's (AA) fourth-quarter performance is expected to bear the brunt of lower aluminum prices and unfavorable energy impact. However, lower raw material and production costs are expected to provide some relief.

The shares of aluminum stock Alcoa Corp (NYSE:AA) are sliding today, after UBS initiated coverage with a "sell" rating and $29 price target, though BMO threw in a price-target hike to $30 from $28.

Alcoa (AA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Evaluate the expected performance of Alcoa (AA) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

The Multidisciplinary Association for Psychedelics Studies Public Benefit Corporation (MAPS PBC) has announced that it has closed an oversubscribed Series A financing for more than $100 million led by Helena and that it is changing its name to Lykos Therapeutics. The wholly-owned subsidiary of MAPS recently submitted an Investigational New Drug application to the US Food and Drug Administration (FDA) for MDMA-assisted therapy for post-traumatic stress disorder (PTSD) which could be approved as soon as this summer with a launch to follow in late 2024.

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation plans to announce its fourth quarter and full year 2023 financial results on Wednesday, January 17, 2024, after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's X handle @Alcoa at www.X.com/Alcoa. A conference call to discuss the financial result.

Aluminum-production giant Alcoa Corp. AA, -1.86% on Monday said it expected a “benefit” to production costs related to two of its smelting facilities in New York and Indiana, after the U.S. government said that commercial-grade aluminum could qualify for a manufacturing-related tax credit. The company said it expected to “record a benefit in cost of goods sold” of between $35 million and $40 million after taxes, or 20 to 22 cents a share, related to the two facilities in the fourth quarter.