Alcoa (AA) late Wednesday reported Q1 adjusted net income of $2.15 per diluted share, compared with a loss of $0.81 a year ago.

Analysts polled by FactSet, on average, expected earnings of $1.68.

Revenue for the quarter ended March 31 was $3.37 billion, up from $2.60 billion a year ago.

Analysts expected $3.47 billion.

The aluminum producer's shares were up nearly 2% in after-hours session.