AT A GLANCE: Lower aluminium prices hit Alcoa's preliminary Q2 results, cash balance up to $950m

July 09, 2020 / www.metalbulletin.com / Article Link

A summary of aluminium producer Alcoa's preliminary second-quarter results, to June 30, 2020.

In brief

Alcoa said it is expecting a net loss attributable to Alcoa Corp of between $190 million and $205 million, as compared to net income attributable to Alcoa Corp of $80 million in the first quarter of 2020.For the second quarter, adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) is expected to be between $155 million and $170 million, compared with $289 million in the first quarter of...

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