Investing.com — Alcoa Corp (NYSE:AA) posted fourth-quarter adjusted earnings of $1.04 per share, beating analysts’ expectations by 11 cents, whereas income climbed to $3.49 billion, beating consensus estimates of $3.29 billion.
Shares of the corporate had been up greater than 3% in aftermarket buying and selling.
The aluminum producer expects its whole alumina section manufacturing for 2025 to vary between 9.5 million and 9.7 million metric tons, on the again of operational stability and sustained output.
“Reflecting on 2024, it was a productive 12 months for Alcoa as we delivered on strategic actions and operational enhancements,” mentioned CEO William Oplinger as he highlighted the corporate’s acquisition of Alumina (OTC:AWCMY) Restricted, divestment of its curiosity within the Ma’aden joint ventures, and manufacturing milestones as key achievements.
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