A A A « View All Reports
Print Version FLASH Headline Alerts

Alcoa Kicks Off Earnings Season On Positive Note

October 9, 2012 @ 4:21 PM EST

by The "State" Team

Sign Up to Receive an Email Alert when Flash Headlines are Published

 

Earnings Update: Alcoa

Once again, Alcoa (AA) kicked off the earnings season. The company reported earnings per share of $0.03 which was above the consensus estimate of $0.00

On the revenue side, the company produced revenues for the quarter of $5.83 billion, which was above the consensus estimate of $5.54 billion.

The company’s CEO said that the market remains “fundamentally sound” and the he is “relatively optimistic on China.” In addition, he reaffirmed the company’s long term outlook and expects demand to double before 2020.

However, Alcoa cut its 2012 global aluminum demand forecast to 6% from 7%

After initially trading higher, AA stock last traded in the after-hours session at $9.13, even with the closing price of $9.13.

Is this report a market mover? Does it affect our short-term trading strategy? Take a Free Trial of the All-NEW Daily Decision (the new “adaptive” system is now more active and more sensitive to trend changes) to find out. Even if you've taken a free trial of the Daily Decision in the past, you owe it to yourself to check out the new system.

Download our Special Report on the New "Adaptive" Daily Decision System

 

  Alcoa Last 12 Months
Loading chart © 2001 TickerTech.com

 

Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.

 

 

Premium Services at StateoftheMarkets.com
The stock market can be challenging at times. If you're looking for professional guidance for your portfolio or market strategy, be sure to check out our premium e-letter services designed to help investors handle today's fast-paced markets:
  • The NEW "Adaptive" Daily Decision - One decision, once a day. Our flagship market timing service is easy to use and keeps you on the right side of the market's important trends.
  • Daily Decision PLUS - The Daily Decision PLUS service is designed to add income to our Daily Decision service.
  • The PRO Trader - Designed for active, sophisticated investors looking for short-term and day-trading, as well as options and leveraged ETF trades
  • The Daily Decision - Stock Trader - We make one stock trade (long or short)... once a day... every day.
  • The Insiders Portfolio - The Insiders Portfolio focuses on those stocks where the people who know the company best are buying - and buying heavily!
  • The HedgePro Portfolio - A "what's working now" portfolio service combining stock selection, our "go anywhere" ETF strategy and market timing trades.
  • The Top 5 Portfolio The portfolio focuses on the top rated stocks in the top 5 market sectors. Risk Management strategies are built in!
  • Institutional Growth Portfolio - think of the Institutional Growth Portfolio as your own private growth-oriented mutual fund .
 
Default disclosure text.

Comments

john mcnamara at 04:59 PM on October 9, 2012

why not be different and report vs. last year? in this case .03 vs. .15. that doesn't read as good does it.

Comments are closed for this article