Alcoa (NYSE:AA) shares are trading lower in Wednesday's after-hours session after the company reported worse-than-expected fourth-quarter EPS and sales results. The company said it expects lower quarterly results in the bauxite segment due to lower pricing and seasonally lower volumes.
Alcoa reported fourth-quarter losses of 31 cents per share, which missed the analyst consensus estimate by 34.7%. This is a 146% decrease over earnings of 66 cents per share from the same period last year.
See Also: Alcoa To Consolidate Sales, Procurement And Commercial Operations, Cuts Staff
The company reported quarterly sales of $2.44 billion, which missed the analyst consensus estimate of $2.47 billion by 1.21%. This is a 27.03% decrease over sales of $3.344 billion the same period last year.
Alcoa shares were trading down 2.2% at $19.73 at time of publication. The stock has a 52-week high of $31.45 and a 52-week low of $16.46.
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