Alcoa (AA) Investment Grade Credit Rating at Risk Despite Q2 Beat
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Go back to Alcoa (AA) Investment Grade Credit Rating at Risk Despite Q2 Beat
July 9, 2013 7:42 AM EDT
Nomura Securities analyst Curt Woodworth reiterated a Neutral rating and $8 price target on Alcoa (NYSE: AA) following Q2 earnings after the close. Despite better-than-expected results, the firm said market surplus and carry trade unwind remain risks.
"We believe future earnings growth at Alcoa... More
July 8, 2013 4:10 PM EDT
Alcoa, Inc. (NYSE: AA) is trading up 2% after the company reported Q2 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $5.85 billion versus the consensus estimate of $5.83 billion.... More
July 8, 2013 4:03 PM EDT
(Updated - July 8, 2013 4:08 PM EDT)
Alcoa, Inc. (NYSE: AA) reported Q2 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $5.85 billion versus the consensus estimate of $5.83 billion.
Net income in the same period last year was $0.11 per share.
In the first half of 2013, Alcoas value-add businesses accounted for 57 percent of total revenues and 80 percent of segment after-tax operating income.
Alba update: As previously disclosed, over five years ago, the Department of Justice ("DOJ") and the Securities and Exchange Commission ("SEC") commenced... More
