Alcoa (AA) Tops Q4 EPS by 2c
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January 12, 2016 9:01 AM EST
UBS analyst Matt Murphy trimmed his price target on Alcoa (NYSE: AA) to $11.00 (from $12.00) following results after the close but maintained a Buy rating. Alumina, Engineered Products & Solutions missed the firm's estimates.
Murphy commented, "AA ATOI of $273M was down 33% QOQ and 10% below UBSe. The miss was largely driven by the Alumina segment. EPS segment ATOI of $123M was also below UBSe and down 19% QOQ. Operating cash... More
January 11, 2016 3:28 PM EST
(Updated - January 11, 2016 3:44 PM EST)
Major indexes turned higher late in the session Monday, reversing earlier declines that were fueled in part by ongoing crude weakness. With thirty-minutes left in the normal trading session, the S&P 500, Nasdaq, and Dow were all in the green, paring earlier... More
