shares spiked more than 7% after the bell, despite the company lowering its outlook on aluminum demand and reporting weaker-than-expected earnings for its third quarter.
The aluminum manufacturer cited weakening macroeconomic conditions, trade tensions, and contracting manufacturing in the auto sector in its lowered outlook. Alcoa reported a loss of 44 cents per share compared to the 33 cent loss per share analysts expected. Revenue also came in short of expectations at $2.57 billion, below the $2.59 billion Wall Street forecasted, according to Refinitiv consensus estimates.
"Looking ahead, our customers remain upbeat about their business prospects well into next year. At the same time, we know that lingering economic uncertainty could impact construction and industrial activity," said CEO Matthew Flannery.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Stocks making the biggest moves premarket: Bank of America, Bank of NY Mellon, MGM Resorts & moreThese are the stocks posting the largest moves before the bell. Is the mythical Phase 1 of the China trade “deal” finalized and signed? I don’t believe promises to buy more soybeans. And I don’t buy realDonaldTrump bluster. Please report on the trade war with China.
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Stocks making the biggest moves midday: UnitedHealth, JP Morgan, Johnson & Johnson and moreThese are the stocks posting the largest in midday trading.
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Stocks making the biggest moves after hours: United Airlines, Cardinal Health, MGM and moreSee which stocks are posting big moves after the bell on Tuesday.
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Stocks making the biggest moves midday: Bank of America, Adobe, Workday and moreThese are the stocks posting the largest moves in midday trading. Manipulated by Boeing
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Global stocks, pound rise on cautious Brexit deal hopesAsian stocks and the pound gained on Tuesday as investors held out hope that Bri... trump shows he race hate u nations says to him 160,000 humans middle east help TRUMP SAYS I TALKING TO MY BEST WHITE FRIEND ONLY bbc report,uk best thing for stocks - reelect Trump.
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European stocks seen cautiously higher ahead of critical EU summitEuropean stocks were expected to open cautiously higher Tuesday as investors look ahead to a critical meeting between U.K. and European Union leaders, which will likely decide the fate of Brexit.
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