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Alcoa (AA) Stock Falls Ahead if Earnings Release

NEW YORK (TheStreet) -- Alcoa (AA - Get Report) stock is down by 2.29% to $10.69 in mid-morning trading on Thursday, ahead of the company's 2015 third quarter earnings release, which is scheduled for today after the market close.

The metals manufacturing company is expected to report a year-over-year decrease in earnings per share and revenue as the company faces a volatile commodities market.

Analysts have estimated for earnings of 14 cents per share on $5.68 billion in revenue for the third quarter.

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Last year, Alcoa reported earnings of 31 cents per share on revenue of $6.24 billion for the 2014 third quarter.

The New York-based company announced late last month it plans to separate into two independent, publicly traded companies.

The upstream company, named Alcoa, will comprise the bauxite, alumina, aluminum, casting and energy units, while value-add company, which will be named before the split is completed, will oversee global rolled products, engineered products and...


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