Alcoa reported quarterly earnings and revenue that handily beat analysts' expectations on Tuesday.
After the earnings announcement, the company's shares jumped in extended-hours trading. (Click here to get the latest quotes for Alcoa.)
Alcoa reported earnings of 18 cents a share, excluding certain items, on revenue of $5.84 billion. The company also reaffirmed that it expects global aluminum demand to grow 7 percent in 2014.
Analysts had expected the company to report earnings excluding items of 12 cents a share on nearly $5.66 billion in revenue, according to a consensus estimate from Thomson Reuters.
Alcoa CEO Klaus Kleinfeld called the company's performance "fantastic."