
"Performance" Alcoa's second-quarter earnings beat expectations, with tariffs causing costs to increase by over $100 million
Alcoa (AA.US) stated that its adjusted earnings per share for the second quarter were 39 cents, with revenue of $3.02 billion, both exceeding market expectations.
The company indicated that tariffs on imported products from Canada resulted in a loss of $115 million last quarter, and it also mentioned that it would sell aluminum produced in Canada to customers outside the United States to mitigate additional tariff costs
