The American aluminum company Alcoa reduced revenue and adjusted profit in the first quarter, and both indicators were weaker than market forecasts. the same period last year. Alcoa's revenue in the last quarter fell to $3.19 billion from $3.37 billion a year earlier.
Experts surveyed by FactSet on average expected adjusted profit of $3.28 billion in revenue.
Alumina production in the last quarter remained unchanged from the previous year, amounting to 2.36 million tons. Aluminum production increased to 607 thousand tons from 564 thousand tons in the first quarter of 2025.
The company confirmed its forecast for 2026 and still plans to produce 9.7-9.9 million tons of alumina and 2.4-2.6 million tons of aluminum. In 2025, their production was 9.6 million tons and 2.3 million tons, respectively.
Alcoa shares fell 3.1% in after-hours trading on Thursday. Since the beginning of the year, the company's capitalization has jumped by 32.5%, to $18.58 billion, while the S&P 500 stock index gained 2.9% during this period.
