Alcoa reported Q2 FY 2016 earnings of $0.15 per share (versus $0.19 in Q2 FY 2015), beating analysts’ consensus of $0.10.
The company’s quarterly revenues amounted to $5.295 bln (-10.2% y/y), beating consensus estimate of $5.224 bln.
Alcoa also forecasted an improvement in the H2 2016 results as new platforms ramp up, and a strong 2017. The company expects FY 2016 deliveries to be flat to up 3%, followed by strong double-digit growth in 2017.
AA rose to $10.53 (+3.85%) in pre-market trading.
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