Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Alcoa Inc    AA   US0138171014


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Alcoa Inc. : Alcoa stock up on unexpected 1st-quarter profit

04/11/2012 | 11:08am US/Eastern

Shares in Alcoa Inc rose 7 percent on Wednesday, a day after the aluminum company posted a first-quarter profit instead of a loss Wall Street was expecting.

The late-Tuesday results from Alcoa, a Dow component company, helped lift stocks after five days of losses that had brought down the benchmark Standard & Poor's 500 index more than 4 percent.

Analyst Tony Rizzuto, of Dahlman Rose & Co, raised his full-year 2012 earnings estimate for Alcoa to 50 cents per share from 40 cents per share following Tuesday's results.

Alcoa reported income from continuing operations of $94 million, or 9 cents per share, while analysts had expected a loss of 4 cents per share.

"We are encouraged by these results, but are remaining somewhat cautious with our estimates until we see a sustained follow-through in performance," Rizzuto wrote in a research note.

"If productivity and operational gains can be maintained, we believe the market will begin to look more favorably at the shares," he said of Alcoa stock, which has dropped over 50 percent since reaching a year-high of $18.19 in April last year.

In morning trading on the New York Stock Exchange, Alcoa shares were 7 percent higher at $9.96.

(Reporting By Steve James)

React to this article
Latest news on ALCOA INC
1d ago ALCOA : to expand coating production for aircraft engines in US
2d ago ALCOA : buying jet engine components maker Tital to help expand aerospace unit
2d ago ALCOA : Plans to Double High-Tech Coating Capacity in Michigan Facility
3d ago ALCOA : buying Tital to help expand aerospace unit
3d ago ALCOA : to Acquire TITAL to Expand Global Growth Platform for Titanium Aerospace..
6d ago ALCOA : Knoxville region wins national transportation grants
12/11 ALCOA : Doubling High-Tech Coating Capacity in Michigan to Capture Growing Aeros..
12/11 ALCOA : Foundation gives more than $330K to local organizations
12/08 ADVANCED MICRO DEVICES : Most active New York Stock Exchange-traded stocks
12/06 ALCOA : New ALCOA Aluminum Could Create Better Cars
Duration : Period :
Alcoa Inc Technical Analysis Chart | AA | US0138171014 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes