AlcAlcoa Corporation's first quarter of 2023 was a disaster as the company failed to meet the revenue expectations of Wall Street and delivered wider-than-expected losses. Its revenues remained flat at $2.7 billion on lower shipments, realized prices were higher for both aluminum and alumina, with aluminum up 7% and alumina up 8% sequentially. The management believes that its bottom line improved due to stable sales and decreased expenses but this was more so at the adjusted EBITDA level. In Eur ....
