Investing.com - Alcoa (NYSE:AA) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Alcoa announced earnings per share of $2.05 on revenue of $3.11B. Analysts polled by Investing.com anticipated EPS of $1.75 on revenue of $2.93B.
Alcoa shares are up 110.8% from the beginning of the year, still down 7.36% from its 52 week high of $52.45 set on September 28. They are outperforming the EUR/USD which is down 0% from the start of the year.
Alcoa shares gained 0.02% in after-hours trade following the report.
Alcoa follows other major Basic Materials sector earnings this month
Alcoa's report follows an earnings beat by H B Fuller on September 22, who reported EPS of $0.79 on revenue of $826.83M, compared to forecasts EPS of $0.7885 on revenue of $797.4M.
Hecla Mining had missed expectations on Tuesday with third quarter EPS of $0.01 on revenue of $175M, compared to forecast for EPS of $0.0354 on revenue of $201.91M.
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