Alcoa Starts Off Earnings Season Beating Consensus Estimates

Web Designer, Author, Portfolio Manager, Quantitative, Technical & Qualitative Analyst • Jul 9, 2014 at 5:02 AM EDT

Alcoa swung to a second-quarter profit of $138 million, or 12 cents a share, from a loss of $119 million, or 11 cents a share, a year ago. On an adjusted basis, the aluminum producer earned 18 cents a share, beating the consensus estimate of 7 cents a share.

Alcoa (AA) swung to a second-quarter profit of $138 million, or 12 cents a share, from a loss of $119 million, or 11 cents a share, a year ago. On an adjusted basis, the aluminum producer earned 18 cents a share, beating the consensus estimate of 7 cents a share. Revenue edged down to $5.84 billion from $5.85 billion.

Here is my firms research on Alcoa;

For those of you interested in getting a historical perspective on Alcoa, here is data on the company from 1969-2013

Finally here is an excellent video from Bloomberg that gives a good analysis of Alcoa's earnings report.

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