Alcoa Earnings More Than Double on Sales

Alcoa Inc.'s (AA) second-quarter earnings more than doubled as improving sales and prices offset higher raw material costs.

Alcoa said Monday that its net income totaled $322 million, or 28 cents a share, in the April-to-June quarter. That compared with net income of $136 million, or 13 cents share, a year ago.

Revenue totaled $6.59 billion compared with $5.19 billion in the previous second quarter.

Analysts surveyed by FactSet expected earnings of 33 cents per share on revenue of $6.3 billion.

Alcoa says it saw double-digit growth in sales to the packaging, building and construction and commercial transportation industries.

Improved sales were offset by higher costs for raw materials and a weak dollar.

Alcoa's performance can reflect economic trends because its products reach across a broad range of businesses.


Increase your money and finance knowledge from home

What Is Your Risk Tolerance?

Answer the question "What type of investor am I?".

View Course »

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Add a Comment

*0 / 3000 Character Maximum

1 Comment

Filter by:
mmcdonald2k

Register to win a free copy of Eye In The Sky Screener. A winner will be announced on the first day of each month. It is the screener professional traders rely on.

Visit www.eyeintheskyscreener.com to register for your free copy today. Simply click the "Request Your Free Copy" button to enter.

"Trading Information @ Your Fingertips!"
Michael McDonald

July 23 2011 at 12:16 AM Report abuse rate up rate down Reply