Alcoa posted mixed quarterly results Monday, as commodities prices dragged on sales ahead of a planned company split.
Shares of Alcoa were 4 percent lower in premarket trading Tuesday in the wake of the report. (Get the latest quote here.)
The metals and materials company reported adjusted first-quarter earnings of 7 cents per share on $4.95 billion in revenue. Earnings fell from 28 cents per share in the prior-year period, while sales slid from $5.82 billion.
Analysts expected Alcoa to post earnings of 2 cents per share on $5.14 billion in revenue, according to a consensus estimate from Thomson Reuters.
Shares of Alcoa, whose report is often regarded as the start of earnings season, dipped nearly 5 percent in after-hours trading. (Click here to track the stock.)