Member access

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

ALCOA INC (AA)

230
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

04/11/2012 | 12:08pm 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
05:27p ALCOA : $259 million loan supports auto-metal expansion
03/27 Stocks likely to drift as investors await Fed, earnings
03/26 ALCOA : close to getting DOE loan for expansion
03/26 ALCOA : to acquire RTI in billion dollar purchase
03/26 ALCOA : Energy Dept revives vehicle loan program after criticism
03/26 ALCOA : Energy Department Offers Conditional Commitment to Alcoa to Support Manu..
03/26 ALCOA : Blount County plant to expand with DOE grant
03/26 ALCOA : Energy Department Offers Conditional Commitment to Alcoa to Support Manu..
03/26 ALCOA : Energy Department Offers Conditional Commitment To Alcoa To Support Manu..
03/25 ALCOA : Patent Issued for Blind Fastener
Advertisement
Chart
Duration : Period :
Alcoa Inc Technical Analysis Chart | AA | US0138171014 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF