Alcoa, Inc. (AA) Reports Q3 EPS of 15c, Sales $6.42B
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Price: $68.77 -0.3%
EPS Growth %: +448.7%
Financial Fact:
Net income (loss): 186M
Today's EPS Names:
PLCE, COE, JVA, More
EPS Growth %: +448.7%
Financial Fact:
Net income (loss): 186M
Today's EPS Names:
PLCE, COE, JVA, More
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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."
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