Low aluminum prices hurt Alcoa second-quarter profit
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
BMO Capital Remains Sidelined on Alcoa (AA) Following 2Q EPS Beat
July 12, 2016 10:47 AM EDTBMO Capital maintained a Market Perform rating and $9.00 price target on Alcoa (NYSE: AA) following the company's 2Q earnings report. AA reported adjusted EPS of $0.15, ahead of the consensus estimate of $0.09.
Analyst David Gagliano commented, "Versus our estimates, the main driver for the better result was in the upstream primary aluminum segment, in turn from... More
