NEW YORK (TheStreet) -- Alcoa (AA) - Get Alcoa Corp. Report stock is falling 4.09% to $10.56 in after-hours trading on Thursday after the company reported earnings results that missed estimates for the 2015 third quarter.
The New York-based company posted earnings of 7 cents per share on revenue of $5.57 billion for the quarter ended September 30.
Analysts were expecting earnings of 14 cents per share on $5.68 billion in revenue.
"The third quarter brought economic headwinds and significant volatility in some of our markets," CEO Klaus Kleinfeld said in a statement. "We continue to be laser focused on the things we can control."
The metals manufacturing company plans to split in an Upstream Company, managing the bauxite, alumina, aluminum, casting and energy units, and a Value-Add Company, overseeing the aerospace and automotive segments.
Separately, TheStreet Ratings team rates ALCOA INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
We rate ALCOA INC (AA) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk.
You can view the full analysis from the report here: AA