What's Going On With Aloca Stock Thursday?

Aloca Corporation AA shares are trading lower on Thursday after the company reported mixed first-quarter earnings on Wednesday after the market closed.

What To Know: Aloca reported adjusted earnings per share of $2.15, beating analysts’ estimate of $1.70 and sales of $3.37 billion, missing analysts’ estimate of $3.53 billion.

The company reported that it incurred about $20 million in additional costs due to tariffs on imports of aluminum from Canada. In addition, it said it ended the quarter with $1.2 billion in cash.

Aloca reported that alumina production decreased 1 percent sequentially to 2.35 million metric tons and in the aluminum segment, production decreased 1 percent sequentially to 564,000 metric tons.

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AA Price Action: At the time of writing, Aloca shares are trading 5.50% lower at $23.69, according to data from Benzinga Pro.

Image: Courtesy of Aloca