Alcoa Inc. (AA) reported third quarter adjusted EPS of $0.63 after the bell Wednesday, down from $0.72 in the prior year period. The consensus estimate was for EPS of $0.36.
Looking forward, Alcoa continues to project a full-year 2018 global deficit for both aluminum and alumina and a surplus for bauxite.
Alcoa gapped open sharply higher Thursday morning and is now up 2.57 at $39.27 on above average volume. The stock has jumped to over a 1-week high.
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