Alcoa earnings for Q3

  • Q3 EPS misses estimates, in at 7c (vs. 13c)
  • Revenues $5.57bn vs. $5.64bn expected
  • Sees a global aluminium deficit for 2016
  • Sees China 2015 automotive output up 1-2% (cuts from 5-8% previously expected)
  • Still sees global aluminium demand up 6.5% in 2015

Alcoa is sounding out some concerns with these comments ... a reflection of the concerns over global growth we've been seeing build in past weeks and months.



On the economy:

  • "The third quarter brought economic headwinds and significant volatility in some of our markets."



  • Alcoa is now two companies (or will be soon):
  • An aluminum smelting business automotive and aerospace industries