Aluminum producer Alcoa Corp. (AA) has reported excellent financial results for the third quarter of 2021. Headquartered in Pennsylvania, the company produces bauxite, alumina and aluminum products. Alcoa reported adjusted earnings per share (EPS) of $2.05, compared to a loss of $1.17 in the previous year. EPS beat the Street’s estimate of $1.66. Revenue totaled $3.1 billion, higher than $2.3 billion reported in the year-ago quarter and analysts’ expectations of $2.91 billion. The rise in revenue was driven by higher premiums for value-add products and increased aluminum and alumina prices.
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Alcoa (NYSE:AA)
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