Alcoa (AA) PT Lowered to $21 at Nomura Securities Post Q1; 'Buy' Maintained

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Go back to Alcoa (AA) PT Lowered to $21 at Nomura Securities Post Q1; 'Buy' Maintained

Alcoa Achieves Strong First Quarter Profits

April 8, 2015 4:03 PM EDT

Portfolio Transformation is on Course

1Q 2015 Financial Highlights

Net income of $195 million, or $0.14 per share; excluding special items, net income of $363 million, or $0.28 per share Revenue of $5.8 billion, up 7 percent year-over-year driven principally by organic growth in automotive and aerospace Record Engineered Products and Solutions first quarter after-tax operating income of $191 million Global Rolled Products shipped record amount of automotive sheet to meet growing demand Alumina after-tax operating income more than doubled year-over-year Primary Metals after-tax... More