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Alcoa Swings to 2Q Loss, Hit by Lower Aluminum Prices -- Earnings Review

Por: MarketWatch Business July 19, 2023

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ADJUSTED LOSS: Stripping out one-time items, the Pittsburgh-based aluminum had an adjusted loss per share of 35 cents. Analysts surveyed by FactSet had forecast an adjusted loss of 49 cents a share. WHAT WE WATCHED: --PRICES: Alcoa saw lower aluminum prices in the second quarter which, coupled with higher production costs for alumina drove the company's reported loss. We expect to see financial improvement in the third quarter of 2023 as... + full article



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