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.
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.
After the long downturn, the coming year will be an opportunity for many industries to rejuvenate themselves. Independent researcher IBISWorld sorted through data on 711 U.S.-based industries to come up with these predictions of the 10 best.
The aluminum giant kicks off first-quarter earnings season on Monday, and analysts predict EPS of 10 cents. But weak aluminum prices ahead could pose problems.







