Alcoa Inc. (NYSE: AA) stock rose 2.9% yesterday (Wednesday) ahead of today's fourth-quarter earnings report due after the bell.
Analysts are projecting earnings of $0.06 per share, down from $0.11 last quarter. At $5.54 billion, revenue estimates for AA are in line with the consensus estimate.
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Alcoa Earnings Report Uneasy Start to Second Quarter (NYSE: AA)
Investors already have a cautious stance in the market amid growing fears about the world's biggest economies, and Monday's Alcoa (NYSE: AA) earnings report didn't help.
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Stocks failed to get traction in the middle of last week after Alcoa (NYSE: AA) and Intel (Nasdaq: INTC) earnings reports underwhelmed investors, and Friday they spun off the road. The culprit: Fears that recent earnings gains represented a peak, and that weak readings on the economy were more representative of current conditions.
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When Alcoa Inc. (NYSE: AA) kicked off earnings season on Monday by soundly beating analysts' expectations, it flashed positive signals for the company and, more importantly, the entire global economic recovery.
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