Today at the White House, Secretary of State John Kerry is launching the American Business Act on Climate Pledge. Microsoft is signing the pledge along with other large companies such as Alcoa, Apple, Bank of America, Berkshire Hathaway Energy, Cargill, Coca-Cola, General Motors, Goldman Sachs, Google, PepsiCo, UPS, and Walmart. The companies making pledges as […]
To determine the direction in which the winds of corporate earnings will blow, Wall Street observers have long looked to Alcoa for guidance. For years, the lightweight metals and aluminum giant was the first Dow component to report its...Show More Summary
Alcoa released its second quarter earnings results and conducted a conference call with analysts on Wednesday, July 8. Productivity improvements and Alcoa’s ongoing transformation of its product portfolio towards value-added products offset the impact of weak aluminum pricing and higher maintenance and labor related costs on the company’s results. Show More Summary
Wall Street applauds rebound in Chinese equities and better-than-expected quarterly revenue from PepsiCo and Alcoa
When the non-GAAP "consensus earnings" bogey that Alcoa has to hit has been cut by a third from $0.30 as of 6 months ago to just $0.22 one would think the company's EPS should be an easy beat. One would be wrong, because moments ago AA just reported non-GAAP EPS of $0.19, a big miss of the expected $0.22. Show More Summary
Aluminum giant Alcoa just reported second quarter earnings, unofficially starting second quarter earnings season. Alcoa's report was a miss on the bottom line as earnings came in at $0.19 against expectations for a profit of $0.22. Revenue,...Show More Summary
Unofficial start to US earnings season sees robust result from aluminium giant.
BENTONVILLE, Ark. (Reuters) - Metals company Alcoa Inc on Wednesday reported a slightly higher quarterly net profit on flat revenue. The New York-based company reported a quarterly net profit of $140 million, up more than 1 percent from $138 million a year earlier. Show More Summary
Alcoa reported second quarter earnings after the close on Wednesday, beating expectations on revenues but missing on earnings. The aluminum giant posted adjusted earnings per share of $0.19, missing the consensus estimate for $0.22 according...Show More Summary
Wall Street rattled as events overseas heighten thoughts of a global economic slowdown, with Alcoa hit before earnings release
Earnings season is upon us, and it is not expected to be pretty. After the closing bell on Wednesday, aluminum giant Alcoa will report second-quarter earnings, unofficially kicking off reporting season. In the first quarter, S&P 500Show More Summary
Earnings season is approaching fast. Alcoa (AA) unofficially kicks off the Q2 reporting period when the aluminum maker—a barometer of global industrial demand and the sting of a too-strong dollar—reports Wednesday afternoon. It’ll be interesting to see if company-specific news can crawl out from Greece’s news shadow and bring a [...]
Alcoa has announced the permanent closure of its Poços de Caldas primary aluminum smelter in Brazil, a move that will better align the company’s operations with the current subdued aluminum pricing environment. The reduction of smelting capacity is in line with the company’s transformation of its product portfolio towards value-added products. Show More Summary
Earnings season kicks off next week, is it good for Alcoa? Alcoa Inc (AA) hasn't had one up day in the last month. The stock has quietly been hitting new 12 month lows almost daily. Year-to-Date Aloca has almost lost 1/3 of it's market share. Show More Summary
Though global aluminum majors like Alcoa and Rusal did make significant smelting capacity cuts, the same was not true of Chinese companies. This was primarily due to state intervention in the form of provision of subsidies or renegotiated power contracts to smelters, which serve as a disincentive to cut production. Show More Summary
Group says it's 'deeply concerned' about misinformation, speculation following asbestos discovery.
Alcoa and Alumina will permanently close Anglesea mine, power station in August.
While the focus is on Hazelwood, if the Victorian Government doesn't act soon, they could find themselves left with a hefty clean up bill from Energy Australia, Alcoa and Energy Brix. No one is making sure these companies put aside the funds to clean-up the flammable and toxic mess they'll leave behind.
The company reported strong year-over-year growth in quarterly profits. Excluding one-time costs, net income stood at $363 million in Q1 2015, as compared to $98 million in the corresponding period last year. One-time charges, totaling...Show More Summary