BUZZ - Shares of Alcoa, the aluminum producer, rise as third-quarter profits exceed expectations

October 16 - ** Aluminum producer Alcoa Corporation (AA.N) shares rose 1.88% in pre-market trading to $41.18

** Alcoa reported third-quarter adjusted earnings per share of $1.81, above the $1.47 average analyst estimate compiled by LSEG

** The company reported quarterly revenue of $3.70 billion, lower than analysts' expectation of $3.79 billion

** The company expects rising raw material costs to reduce its aluminum segment's adjusted EBITDA for the fourth quarter by about $30 million compared to the previous quarter

** The stock currently trades at 6.66 times the next 12 months' expected earnings per share, higher than the industry median of 3.45 times

** Of 15 brokerages, 10 rate the stock "buy" or higher, 4 rate it "hold," and 1 rates it "sell"; the median price target is $55

** As of the close of the previous trading day, Alcoa's share price has fallen more than 23% so far this year

(To facilitate non-English speakers, Reuters provides automated translations of its reports into several other languages. As automated translation may contain errors or may not incorporate the required context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for the convenience of readers. Reuters is not responsible for any damage or loss arising from the use of the automated translation function.)