Alcoa Profit Hits Forecasts, but Revenue Misses Expectations# Stock
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Earnings season got off to its unofficial start Monday as Alcoa reported
a quarterly profit that matched expectations, helped by higher aluminum
prices.
The aluminum manufacturing giant reported first-quarter earnings of 10
cents a share excluding one-time items, reversing a loss of 59 cents a
share this time last year.
Alco said its sales reached $4.89 billion, up from $4.147 billion last
year.
Analysts who follow Alcoa expected more from the company on the revenue
side. A consensus estimate fr
a quarterly profit that matched expectations, helped by higher aluminum
prices.
The aluminum manufacturing giant reported first-quarter earnings of 10
cents a share excluding one-time items, reversing a loss of 59 cents a
share this time last year.
Alco said its sales reached $4.89 billion, up from $4.147 billion last
year.
Analysts who follow Alcoa expected more from the company on the revenue
side. A consensus estimate fr
