— Aluminum supplier Alcoa Corporation (NYSE: AA) reported an adjusted loss of $0.31 per share for the fourth quarter of 2019, vs. $0.23 per share loss expected.
— Unadjusted net loss was $303 million or $1.63 per share for the quarter, compared to a profit of $51 million or $0.27 per share in the fourth quarter of 2018.
— Revenues decreased to $2.4 billion during the three-month period from $3.3 billion last year, vs. $2.47 billion expected
— During the quarter, the company initiated steps in a multi-year portfolio review and continuing work to strengthen its balance sheet
— Ended the quarter with cash on hand of $879 million and debt of $1.8 billion
— Predicts a global aluminum surplus ranging between 600 thousand to 1 million metric tons in 2020
— Expects bauxite shipments to range between 48 and 49 million dry metric tons in fiscal 2020
— Estimates total alumina shipments to be between 13.6 and 13.7 million metric tons this year; aluminum segment is expected to ship between 3 and 3.1 million metric tons
— Expects lower quarterly results in the Bauxite segment in the first quarter, due to lower pricing and seasonally lower volumes
— Expects annual operational tax rate ranging from 70 to 80 percent
FedEx Corporation (NYSE: FDX) reported first-quarter 2022 earnings results today. Total revenues increased to $22 billion from $19.3 billion in the same period a year ago. The company reported a
Adobe Inc (NASDAQ: ADBE) reported third-quarter 2021 financial results after the regular market hours on Tuesday. The software giant reported Q3 revenue of $3.94 billion, up 22% year-over-year and higher
The restaurant and food service industry is struggling to regain momentum after being hit hard by the pandemic. Restauranteurs are currently busy adapting to the changed operating conditions, shifting focus