Alcoa Stock Sinks On Q2 Earnings Miss: Details

Alcoa reported quarterly earnings of $2.12 per share, which missed the Street estimate of $2.25 by 5.78%, according to Benzinga Pro data. Quarterly revenue came in at $3.97 billion, which beat the analyst consensus estimate of $3.94 billion. Alcoa reported the following second-quarter results: “During the second quarter, in addition to delivering strong financial results that captured favorable aluminum prices, our team executed on strategic initiatives, most notably the announced agreement with South32,” said Alcoa CEO William F. Oplinger . According to data from Benzinga Pro , Alcoa stock was down 2.88% to $45.45 in Thursday’s extended trading.