Alcoa (AA) Pushes Higher as Much-Anticipated Earnings Draw Near
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Shares of Alcoa Inc. (NYSE: AA) are higher in premarket trade Wednesday after hitting a new 52-week high Tuesday, as the company is less than a week from its closely monitored earnings.
Anticipation is growing for Alcoa, as the company lowered costs during the recession, and is now in a strong position to benefit from the rising price and demand of aluminum. Margins are expected to have risen significantly in quarter, along with revenue.
Guidance could be weaker than expected, as Alcoa may see some consequences going forward from the Japan earthquake holding back global automakers.
The stock is up 1 percent to $18.23 before the bell, after rising nearly 3 percent on Tuesday.
Anticipation is growing for Alcoa, as the company lowered costs during the recession, and is now in a strong position to benefit from the rising price and demand of aluminum. Margins are expected to have risen significantly in quarter, along with revenue.
Guidance could be weaker than expected, as Alcoa may see some consequences going forward from the Japan earthquake holding back global automakers.
The stock is up 1 percent to $18.23 before the bell, after rising nearly 3 percent on Tuesday.
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