Economics
Alcoa’s Earnings Recovery Slows on Aluminum Price ‘Headwind’
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Alcoa Inc., the largest U.S. aluminum producer, may report a slowdown in its earnings recovery after the lightweight metal used in beverage cans and aircraft erased all this year’s price gains.
Third-quarter net income will be 22 cents a share, compared with 9 cents a year earlier, according the average of 15 analysts’ estimates compiled by Bloomberg. That’s 21 percent less than analysts estimated a month ago.