Alcoa, Inc. (AA) Reports Q3 EPS of 15c, Sales $6.42B
Tweet
Share
E-mail
Get Alerts AA Hot Sheet
Price: $59.37 -3.82%
Revenue Growth %: +33.4%
Financial Fact:
Net income (loss): 0.34
Today's EPS Names:
DTGI, CRMT, MAYS, More
Revenue Growth %: +33.4%
Financial Fact:
Net income (loss): 0.34
Today's EPS Names:
DTGI, CRMT, MAYS, More
Join SI Premium – FREE
Alcoa, Inc. (NYSE: AA) reported Q3 EPS of $0.15, vs. the analyst estimate of $0.22. Revenue for the quarter came in at $6.42 billion versus the consensus estimate of $6.24 billion.
The quarterly figures compare to sales of $5.29 billion in the same quarter last year. Profit per share was up a sharp 150 percent from the 6 cents reported in the year-ago quarter.
Chairman and CEO Klaus Kleinfeld said, "Aluminum prices fell in the third quarter, but most markets continued to grow. With the exception of Europe, we saw growth in our end markets, though at a slower rate than in the first half, as confidence in the global recovery faded.
"We continue to forecast a growth rate of 12 percent for 2011, with a slower pace in the second half of the year, and reaffirm our long-term forecast for a doubling of aluminum demand by 2020. Alcoa is a confident company in a nervous world. We are well prepared for whatever lies ahead, with more cash on hand, lower debt and continued focus on profitable growth."
The quarterly figures compare to sales of $5.29 billion in the same quarter last year. Profit per share was up a sharp 150 percent from the 6 cents reported in the year-ago quarter.
Chairman and CEO Klaus Kleinfeld said, "Aluminum prices fell in the third quarter, but most markets continued to grow. With the exception of Europe, we saw growth in our end markets, though at a slower rate than in the first half, as confidence in the global recovery faded.
"We continue to forecast a growth rate of 12 percent for 2011, with a slower pace in the second half of the year, and reaffirm our long-term forecast for a doubling of aluminum demand by 2020. Alcoa is a confident company in a nervous world. We are well prepared for whatever lies ahead, with more cash on hand, lower debt and continued focus on profitable growth."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Macquarie names this Japanese retailer as a top pick, doubles price target
- Jabil (JBL) Tops Q3 EPS by 8c, Offers Guidance
- This retailer is positioned for outperformance in 2026: UBS
Create E-mail Alert Related Categories
Earnings, Hot Earnings, Hot ListSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
