Global Macro Perspectives
Alcoa (AA) reported loss from continuing operations of $266 million, or $0.27 per share. The consensus was a profit of $0.08 per share. Net charges for restructuring, special items and discrete tax items of $275 million, or $0.28 per share. A large miss, but it’s popular these days to disregard reported EPS although Alcoa has […]
The trading in Asia and Europe today was dominated by China export data. Apparently China exports rose 17.7% y-o-y for December almost reaching pre-crisis levels. The consensus was at 5%. In the same time imports grew 55.9% y-o-y, vs. the consensus forecast of 32.5% . The trade surplus reached $18.4 billion in December, about 60% […]
Earnings season starts this week. Looks it will have the same flavor as last couple of earnings seasons. Important U.S. earnings this week: Monday: Bank Mutual (BKMU), Skyline (SKY), Alcoa (AA), Audiovox (VOXX), WD-40 (WDFC), Volt Information Sciences Inc. (VOL), Helen of Troy (HELE) Tuesday: The Great Atlantic & Pacific Tea Company (GAP), Supervalu (SVU), […]