Alcoa (NYSE: AA) stock raced out of the gate Friday, as shares of the metals giant jumped 5.6% through 10 a.m. EDT. The company reported a big earnings beat last night.
Expected by analysts to earn $0.46 per share pro forma on sales of $2.65 billion in its fiscal first quarter of 2021, Alcoa instead reported a $0.79 adjusted profit, and sales of $2.87 billion.
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Source Fool.com