Alcoa (AA) shares gained almost 6% during the extended trading session on July 20 after the company delivered impressive second-quarter results. AA also rewarded shareholders with additional buybacks worth $500 million. Based in the U.S., Alcoa engages in the production of bauxite, alumina, and aluminum products. Alcoa’s Q2 Beat Adjusted earnings of $2.67 per share climbed 79.2% year-over-year and beat analysts’ expectations of $2.49 per share. The company reported earnings of $1.49 per share for the prior-year period. Revenues jumped 28.6% year-over-year to $3.64 billion, exceeding consensus estimates of $3.48 billion. The increase in revenues reflected a surge in shipments as well as improved higher pricing.
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Alcoa (NYSE:AA)
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