Alcoa Shares Rise 5.8% as Third-Quarter Net Income More Than Doubles

Alcoa shares rose 5.8% in Friday trading after the company posted its third-quarter results, as attributable net income more than doubled from a year earlier. Revenue increased year over year but declined from the second quarter. Net income attributable to Alcoa was $483 million, compared with $232 million a year earlier. Revenue totaled $3.704 billion, up 24% year over year and down 7% sequentially. Adjusted earnings per share were $1.82, compared with $2.12 in the second quarter. TokenPost’s earlier coverage details Alcoa’s production, shipments and segment results . John Kim reports on the digital-asset business for TokenPost.

Source: TokenPost