|Bid||56.00 x 900|
|Ask||56.35 x 900|
|Day's range||51.00 - 56.93|
|52-week range||12.15 - 56.93|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||12.96|
|Earnings date||14 Oct 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||55.21|
Alcoa (NYSE: AA) shares are on fire Friday, jumping as much as 14% as of 10:45 a.m. EDT and hitting 52-week highs of $55.89 a share. Given the recent developments in the aluminum industry, I have been upbeat about Alcoa's prospects for several weeks now and expected to see record quarterly numbers from the aluminum giant. Alcoa didn't disappoint: It reported its highest-ever quarterly net income of $337 million for the third quarter, driven by 10% growth in revenue.
Yahoo Finance's Brian Sozzi and Julie Hyman break down the biggest earnings movers of the morning.
Aluminum supplier Alcoa (NYSE:AA) surged in Friday morning trading following a strong Q3 earnings report and the initiation of a dividend program for the first time as a newly constituted company.