AWC News: Alcoa Corp Reports Q1 2024 Results: Deepens Net Loss Amid Strategic Acquisitions and ... - 18th Apr 2024, 7:32am

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Revenue: Reported at $2.599 billion, slightly surpassing the estimated $2.560 billion. Net Loss: Deepened to $252 million, significantly below the estimated net loss of $102.44 million. Earnings Per Share (EPS): Recorded a loss of $1.41 per share, falling short of the estimated loss of $0.55 per share. Adjusted EBITDA: Stood at $132 million, showing a decline from the previous year's $240 million. Cash Balance: Ended the quarter with $1.4 billion, bolstered by $737 million in net proceeds from a...

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