5 Notable Earnings Reports to Watch

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In this article, we discuss the 5 notable earnings reports to watch. If you want to read our detailed analysis of these companies, go directly to the 10 Notable Earnings Reports to Watch.

5. Alcoa Corporation (NYSE:AA)

Number of Hedge Fund Holders: 44

Shares of Alcoa Corporation (NYSE:AA) rose over two percent in the after-hours trading session on Wednesday, January 19, 2022, after delivering impressive financial results for the fourth quarter.

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Alcoa Corporation (NYSE:AA) reported adjusted earnings of $2.50 per share, significantly higher than 26 cents per share in the year-ago quarter. Revenue came in at $3.34 billion, up from $2.39 per share in the comparable period of 2020.

The results were mainly driven by higher alumina and aluminum prices. Analysts were expecting Alcoa Corporation (NYSE:AA) to report earnings of $1.96 per share on revenue of $3.36 billion.

Commenting on the quarter, CEO of Alcoa Corporation (NYSE:AA), Roy Harvey, said:

“We had a transformative year in 2021; we posted our highest ever annual net income, returned cash to our stockholders and significantly reduced our debt and pension obligations.”

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