Alcoa Inc

Alcoa Inc. (AAI)

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Alcoa Inc. (AAI) is a company engaged in providing services to the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other services of Alcoa's businesses to clients. Alcoa Inc. was listed on the Australian Stock Exchange on 16 August, 2000. Alcoa is the world’s leading company in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing involvement in all key areas of the industry.

Alumina Shares Fall as Alcoa Closes 12pc of Smelting Capacity

Shares of Alumina (AWC) declined this morning more by more than 3 per cent after US aluminium producer Alcoa Inc. (AAI) announced that it would permanently shut down 12 per cent of its aluminum smelting capacity due to weakened prices of industrial metal. Alumina currently owns 40 per cent stake of the US aluminium producer.

Alcoa 3Q Profit Misses Estimates

Aluminum producer Alcoa Inc. (ASX:AAI) has posted a profit of US$172 million, or US15 cents per share for the third quarter due to higher volume and prices. Revenue rose 21 percent to US$6.42 billion.

Alcoa's average realised price for aluminium increased 18 percent year-over-year but was down 5 percent sequentially. The bottom line missed expectations and shares slipped to 5.2 percent to close at US$9.77 after hours.

Alcoa Profits from Rising Aluminum Prices

Aluminum producer, Alcoa Inc (ASX:AAI) pulled profits during the first quarter due to rise in alumina and aluminum prices and improved sales. The largest US aluminum maker reported net earnings for March 31 at $292.26 million compared with last quarter's $244.82 million. Earnings per share were at 28 cents, compared with 27 cents analyst forecast. Last quarter's gross sales grew 5.4 per cent to $5.66 billion compared to $4.64 billion last year.

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