AT A GLANCE: Alcoa Q3 results boosted by higher aluminium prices

A summary of aluminium and alumina producer Alcoa’s third-quarter 2020 results.

Results in brief:

Alcoa’s adjusted third-quarter 2020 earnings before interest, taxes, depreciation and amortization (Ebitda), excluding special items, was $284 million, a 54% increase on second quarter - primarily because of higher aluminium prices. But earnings were down from $388 million in the third quarter of 2019. A net loss of $49 million was reported for the third quarter, compared with net loss of $197 million in the second quarter. Alcoa said the sequential improvement was primarily due...

Published

Alice Mason

October 15, 2020

09:05 GMT

London