AA --> +1% After Hours
Reports Q4 (Dec) earnings of $0.33 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus Estimate of $0.27; revenues rose 14.2% year/year to $6.38 bln vs the $6.03 bln consensus.
Some key highlights:
- Global Rolled Products after-tax operating income more than triples year-over-year, auto growth continues
- Upstream business improves performance for 13th consecutive quarter
- Alumina after-tax operating income up more than twofold year-over-year
- Primary Metals adjusted EBITDA per metric ton strongest since second quarter 2008
- Record quarter cash from operations of $1.5 billion Free cash flow of $989 million, highest since fourth quarter 2010
- Alcoa projects 7% global aluminum demand growth in 2015