Alcoa Inc. reported its Q3 2024 earnings, showcasing a strong performance with adjusted EBITDA of $455 million, surpassing the estimate of $385.8 million. The company's net income for the quarter was $90 million, with an EPS of $0.38. Despite missing the revenue estimate of $2.97 billion, Alcoa's revenue stood at $2.90 billion. Adjusted net income was $135 million, significantly exceeding the estimate of $40.2 million. Adjusted EPS was $0.57. Alcoa's shares jumped more than 10% in late trading, driven by strong alumina prices, marking the highest quarterly earnings in over two years.