Alcoa Reports Q3 Earnings Beat, Completes Smelter Restart, and Sells New York Land
2 reports, 1 independent
Updated Oct 16
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What happened
Alcoa reported Q3 2026 adjusted earnings of $1.82 per share, exceeding the $1.49 consensus estimate, although revenue of $3.7 billion missed the $3.76 billion forecast. The company also announced it completed the restart of its Alumar smelter in Brazil. Additionally, Alcoa agreed to sell part of a site in New York for data center construction.
From 247wallst.com
Why it matters
Alcoa's shares rose 8% following the earnings beat and the land sale announcement. The company has gained full ownership of Alumar assets. The sale of the land in New York could increase commercial real estate value and the tax base in New York City.
From 247wallst.com