Alcoa Q3 Adjusted EPS of $1.82 Beats Estimates

Alcoa reported third-quarter adjusted earnings of $1.82 per share on October 15 local time, compared with a loss of $0.02 per share in the same period last year and analysts' estimate of $1.49. Adjusted EBITDA was $789 million, up from $270 million a year earlier and above the estimate of $738.4 million. Sales rose 24% year over year to $3.7 billion, slightly below the estimate of $3.76 billion. (Jiemian)