-- Alcoa (ASX:AAI) reported Friday first-quarter adjusted earnings of $1.40 per share, down from $2.15 a year earlier.
Analysts polled by FactSet expected earnings of $1.53.
Revenue for the three months ended March 31, was $3.19 billion, compared with $3.37 billion a year earlier.
Analysts surveyed by FactSet expected $3.28 billion.
The company expects 2026 total alumina segment production and shipments to remain unchanged from its prior projection, ranging between 9.7 million to 9.9 million metric tons, and between 11.8 million and 12 million metric tons, respectively.
The company also reaffirmed its 2026 total aluminum segment production guidance and shipments, ranging between 2.4 million and 2.6 million metric tons, and between 2.6 million and 2.8 million metric tons, respectively.