Investing.com -- Alcoa Corp (NYSE: AA ) posted fourth-quarter adjusted earnings of $1.04 per share, beating analysts' expectations by 11 cents, while revenue climbed to $3.49 billion, beating consensus estimates of $3.29 billion.

Shares of the company were up more than 3% in aftermarket trading.

The aluminum producer expects its total alumina segment production for 2025 to range between 9.5 million and 9.7 million metric tons, on the back of operational stability and sustained output.

“Reflecting on 2024, it was a productive year for Alcoa as we delivered on strategic actions and operational improvements," said CEO William Oplinger as he highlighted the company's acquisition of Alumina (OTC: AWCMY ) Limited, divestment of its interest in the Ma’aden joint ventures, and production milestones as key achievements.