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Alcoa kicks off quarterly earnings report on positive note

HUTCHINSON, Kan. — Alcoa reported quarterly earnings and revenue that beat analysts’ expectations.alcoa arconic

The company posted adjusted second-quarter earnings per share of 15 cents on revenue of $5.3 billion.

Analysts expected the company to report earnings of about 9 cents per share on $5.2 billion in revenue, according to a consensus estimate from Thomson Reuters.

Despite beating expectations, Alcoa’s second-quarter adjusted earnings per share declined from 19 cents in the comparable year-ago period. Revenue also fell — from $5.9 billion — compared to the same quarter last year.

The next earnings report for companies with ties to Hutchinson will come from Union Pacific Jul. 21. Eaton will follow Aug. 2 with Siemens releasing its numbers Aug. 4.

 

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