Alcoa Reports Solid Second Quarter 2015 Profits Portfolio Transformation on Track
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UBS Remains Neutral on Alcoa (AA) Following 2Q15 Earnings Results
July 9, 2015 9:10 AM EDTUBS reiterates a Neutral rating and $14.50 price target on Alcoa (NYSE: AA) following 2Q15 earnings results. AA reports adjusted EPS of $0.19 vs. consensus of $0.23. UBS says that AA expects EPS and GRP to both realize YoY ATOI growth of 5-10% in Q3.
UBS... More
Alcoa (AA) Misses Q2 EPS by 3c; Updates on End Market Growth, Portfolio Transformations
July 8, 2015 4:03 PM EDT(Updated - July 8, 2015 4:04 PM EDT)
Alcoa (NYSE: AA) reported Q2 EPS of $0.19, $0.03 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $5.79 billion.
"We continue to transform Alcoa; our portfolio reshaping combined with smart investments in growth markets is delivering strong results, said Klaus Kleinfeld, Chairman and Chief Executive Officer. Our value-add businesses are outperforming, with record profitability in the downstream and exciting profitable growth in the midstream. Recent acquisitions are fully on track, and paired with our innovations we are cementing Alcoas... More
