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Analysts Weigh In On Alcoa's Q1 Results

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Alcoa Inc. NYSE:AA - Analysts Weigh In On Alcoa's Q1 Results

Alcoa Inc AA 3.95% shares fell more than 4 percent after the company reported better-than-expected earnings for the first quarter, but missed analysts' sales estimates.

The lightweight metals manufacturer posted first-quarter earnings of $0.07 per share ($0.05 above the Street's consensus) on revenue of $4.95 billion (missing the already-low expectations by $190 million), as lower aluminum prices weighed on the results.

Meanwhile, Alcoa said it is mulling another reduction of up to 1,000 positions at its Engineered Products and Solutions unit.

Related Link: Do Alcoa's Results Signal Trouble For Aerospace And Construction...