Investing.com– Alcoa Corp (NYSE:) reported fourth-quarter adjusted earnings of $1.04 per share, beating analysts’ expectations by 11 cents, while revenue climbed to $3.49 billion, beating consensus estimates by 3 .29 billion dollars.
The company’s shares rose more than 3% in the secondary market.
The aluminum producer expects its total alumina segment production for 2025 to be between 9.5 million and 9.7 million metric tons, driven by operational stability and sustained production.
“As we look ahead to 2024, it has been a productive year for Alcoa as we have implemented strategic actions and operational improvements,” CEO William Oplinger said in highlighting the company’s acquisition of Alumina (OTC:) Limited, the divestment of its stake in Ma’aden. joint ventures and production milestones as key achievements.