Alcoa's First-Quarter Profit Rises, Beats Wall Street Expectations
Alcoa kicked off earnings season Monday by reporting a larger first-quarter profit than expected, helped by strong demand for aluminum used to make airplanes and automobiles.
Alcoa kicked off earnings season Monday by reporting a larger first-quarter profit than expected, helped by strong demand for aluminum used to make airplanes and automobiles.
As usual, Alcoa kicks off the earnings season after today's closing bell, and the strong gains of recent years are not expected to continue.
When smart investors consider a stock, they look at profit margins, revenue growth, and a raft of ratios to decide if it's a good buy. But beyond those measurements, here's a subtle and simple guideline that can give you real insight about a company's prospects: How honest is its management?
World stock markets rose Wednesday after the fourth-quarter earnings season got off to a positive start in the U.S. with aluminum giant Alcoa forecasting higher demand for 2013. Demand for aluminum has been hurt by the weak global economy, but Alcoa predicted a 7 percent increase in demand this year, slightly better than the 6 percent increase in 2012.
U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season. Market-watchers expect the quarter's results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided "fiscal cliff."
Stocks closed out their worst week since June after investors looked over third-quarter corporate earnings reports and decided there wasn't much to get excited about.
Chevron shares dropped 4.2 percent to $112.45 after it said third-quarter profits would be "substantially lower" than the previous quarter, while Alcoa fell 4.6 percent to $8.71 after it posted a quarterly loss. The company cut its outlook for global aluminum demand, citing a slowdown in China.
Things are getting tastier at Yum! Brands. The company behind Taco Bell, Pizza Hut, and KFC posted strong quarterly results after Tuesday's market close.
Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings.
Aluminum manufacturer Alcoa says it lost $143 million in the third quarter due to charges, but otherwise topped Wall Street's expectations. The loss amounted to 13 cents per share.
Investors, encouraged by a drop in the unemployment rate, sent the Dow Jones Industrial Average to highest level in almost 5 years on Friday. And though the jobs report-inspired rally did not last, the Dow still closed up 34.79 points, at 13610.15, for its best finish since December 2007.
Investors yanked money out of stocks Thursday after new reports from the U.S. and China pointed to a sharp slowdown in manufacturing. Losses in energy and materials companies led a widespread rout on the stock market.
There's never a dull moment on Wall Street, especially when earnings season is just about to get under way. Let's go over some of the items that will help shape the week that lies ahead.
As the market breathes a sigh of relief on hopes that Europe isn't going to fall apart and the unemployment picture isn't getting worse, the focus shifts to China and earnings season. But earnings may be overshadowed if inflation data out of China is worse than expected, now that the country has the world's second largest economy.
After a wild third quarter, the market seems to have stabilized a bit this week, in spite of a late Friday drop. With little macro-data news, investors turned their focus to Europe's debt crisis and third-quarter earnings season. Company-specific news drove stocks; here's a closer look at some of the S&P 500's most notable movers.
A bruising session on Wall Street Thursday wiped more than 500 points off the Dow - its worst drop since October 2008. Driving the fear is growing concern about the possibility of another recession. Will the selloff continue Friday? It all depends on the Labor Department's employment report.
Earnings season has officially kicked into high gear: 39 companies have reported so far, with the S&P reporting an earnings per share surprise of 6.8%. The best results include increases in financials, consumer discretionary, and materials. Here are some highlights.
When is a 27% increase in sales, and a doubling of profits, bad news? It certainly sounds like an exceptional circumstance, but that's where Alcoa finds itself today, having missed earnings estimates and facing a discouraging free cash flow.
Earnings season unofficially kicks off today, but 26 companies have already reported for the second quarter of this year. According to institutional data provider Capital IQ, here are some of the highlights so far:
The aluminum giant turned a first-quarter profit on stronger sales at higher prices that were offset by a weaker dollar and higher costs for energy and raw materials.
Home retailers Bed Bath & Beyond and Pier 1 Imports are scheduled to post quarterly earnings this week, along with Monsanto, the biotech, agriculture and chemical giant. Here's what analysts expect to see.
With the jet industry preparing to shift into overdrive, Precision Castparts is in a great position to take advantage of new contracts from aircraft builders, including Cessna and Boeing.
Stocks closed sharply higher Monday with the Dow Jones posting a triple-digit gain as technology stocks rallied after Intel raised its dividend and expanded its share buybacks by $10 billion. The index last saw 12,000 in June 2008 -- on the way down.
Tech stocks rose after Intel hiked its dividend and said it would buy back more of its stock. And materials companies jumped after a report showed economists are more positive about growth and the job market than at any time since the Great Recession started.
Once again, profit reports are expected to be a tale of strong growth, thanks more to cost cuts than revenue gains. And perhaps even more telling, fourth-quarter 2010 earnings are competing with downright dismal reports for the year-earlier period. [Video]
Alcoa, Intel and JPMorgan Chase will kick off a new earnings season this week when they report their results for the fourth quarter of 2010. Here's what analysts surveyed by Thomson Reuters expect, followed by a glance at what's coming up on the economic calendar.
Among Monday's top online stories for investors: Mining for treasures in the AMEX, why we desperately need a better Google, Jim Cramer's top Dow picks for 2011.
If struggling homeowners can make trial modified mortgage payments, the next logical step, it seems, would be to make the modifications permanent. Sadly, however, this is a rare occurrence. Follow the stories of three families as they wrestle with the foreclosure process.


























