Alcoa Could Post 29% Earnings Drop Due to Higher Costs (Bloomberg)
According to a Bloomberg analyst survey, US aluminum giant Alcoa (AA) is expected to report earnings of 5 cents per share after the close today, down from 7 cents a year ago
SAN FRANCISCO (MarketWatch) -- Alcoa Inc. (AA 12.48, +0.28, +2.30%) on Thursday reported a third-quarter profit of $61 million, or 6 cents, down from $77 million, or 8 cents a share, a year earlier. Sales rose to $5.29 billion from $4.62 billion. Analysts polled by FactSet Research were looking for a profit of 6 cents a share, on average, with sales of $4.95 billion. The company raised its forecast for global aluminum demand to 13% from 12%
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