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Earnings Outlook: What to look for in Alcoa’s earnings

Alcoa Inc. is scheduled to unofficially kick off the third-quarter earnings reporting season, when it releases results before Tuesday’s open.

There is some reason for investors to be optimistic ahead of the aluminum giant’s final report before it splits into two companies. On Oct. 5, Alcoa AA, +0.45%completed a one-for-three reverse stock split as the company prepared to split.

For one, earnings per share are expected to rise on a year-over-year basis for the first time in five quarters.

A recent increase in shipments of bauxite, which is the principal source of aluminum, and a multimonth uptrend in aluminum prices, bodes well for Alcoa’s results.

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