Alcoa shares are doing some nice business this morning, up 5.7% in premarket trading at $9.86. Despite seeing first-quarter earnings slide nearly 70%, the company jumped over a very low bar in terms of earnings expectations, and that's good enough for the Street.
Earnings season kicks off tomorrow when aluminum giant Alcoa reports quarterly results. Although most analysts see Alcoa posting a loss for the period, Bank of America is out with a new list of companies it sees beating both earning... Read Post
Everyone gets nervous ahead of Alcoa earnings because they tend to be pretty volatile, and the company has a tendency to come in weak. But at least this quarter they were fine. The company's $5.2 billion in Q3 revenue was better tha... Read Post
FedEx announced fiscal Q1 earnings jumped 37% year-over-year to $2.10 per share, which was better than the $1.96 expected. " Share repurchases benefited earnings in the quarter by $0.15 per diluted share, " said management. Across c... Read Post