Alcoa Corporation (NYSE:AA) will release earnings for its first quarter after the closing bell on Thursday, April 16.
Analysts expect the Pittsburgh, Pennsylvania-based company to report quarterly earnings of $1.51 per share, down from $2.15 per share in the year-ago period. The consensus estimate for Alcoa’s quarterly revenue is $3.27 billion (it reported $3.37 billion last year), according to Benzinga Pro.
On Tuesday, Alcoa announced intention to redeem in full $219 million of outstanding 6.125% notes due 2028.
Alcoa shares fell 2% to close at $70.38 on Wednesday.
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