Alcoa reduced revenue and profit in the first quarter

Alcoa, an American aluminum company, reduced revenue and adjusted profit in the first quarter, and both indicators were weaker than market forecasts. the same period last year. Alcoa's revenue decreased to $3.19 billion last quarter from $3.37 billion a year earlier.

Experts surveyed by FactSet, on average, expected an adjusted profit of 3% of revenue of $3.28 billion.

Alumina production in the last quarter remained at the level of the previous year, amounting to 2.36 million tons. Aluminum output increased to 607,000 tons from 564,000 tons in the first quarter of 2025.

The company confirmed its forecast for 2026 and still plans to produce 9.7-9.9 million tons of alumina and 2.4-2.6 million tons of aluminum. In 2025, their production amounted to 9.6 million tons and 2.3 million tons, respectively.

Alcoa's stock prices fell 3.1% in additional trading on Thursday. Since the beginning of the year, the company's capitalization has jumped by 32.5% to $18.58 billion, while the S&P 500 stock index has gained 2.9% over this period.