Aluminum producer Alcoa rises after third-quarter profit beat

By Reuters News

** Shares of aluminum producer Alcoa Corporation AA.N up 1.88% at $41.18 premarket

** Alcoa reported Q3 adj. EPS of $1.81, beating analysts' estimate of $1.47 — data compiled by LSEG

** Company reported quarterly revenue of $3.70 billion, missing analysts' estimate of $3.79 billion

** Company sees higher raw material costs weighing on fourth-quarter aluminum segment adjusted EBITDA by about $30 million sequentially

** Stock trading at 6.66 times expected EPS over the next 12 months, above industry median of 3.45

** 10 of 15 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell"; median PT $55

** As of last close, Alcoa stock down over 23%, YTD

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