Global Macro Perspectives
Alcoa earnings loss raised questions on strength of earnings reported in earnings season started this week. Will it evolve to something more then temporary weakness it depends primarily on reported earnings and U.S. dollar exchange rate. For me, the path is still not clear. On the economic data front we had trade balance reported today. […]
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 […]
Alcoa reported its set of figures for the quarter ending on September 30. Press release: Alcoa Strengthens Cash Position and Returns to Profitability in Third Quarter.