Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
08/20 ALCOA : EPA Issues Direct Final Rule on Air Plan for Indiana
08/20 ALCOA : Air Plan Approval; Indiana; Alcoa BART
08/19 ALCOA : New Aspen Dental Practice Opening In ALCOA Increases Access To Dental Ca..
08/11 ALCOA : CAK: Ready to unleash prolific offense
08/11DJStocks, Commodities Hit as Yuan Devaluation Jolts Markets
08/11DJU.S. Stocks Sharply Lower After China Devalues Yuan
08/11DJU.S. Stocks Sharply Lower After China Devalues Yuan
08/11 ALCOA : S&P 500 Movers: FCX, GOOG
08/11 ALCOA : Expanding Horizons With New Acquisitions - Report on Alcoa Inc.
08/11DJYuan Devaluation Jolts Markets
Advertisement
Chart
Duration : Period :
Alcoa Inc Technical Analysis Chart | AA | US0138171014 | 4-Traders
Income Statement Evolution
More Financials