ALCOA´s earnings and outlook for the global economy
Alcoa is always the first presenting results and reported this quarter earnings.
Alcoa beat expectations per share while missing on revenue.
This giant of aluminum reported adjusted earnings per share of $0.28 against expectations for $0.26.
Revenue missed, however, coming in at $5.82 billion against expectations for $5.94 billion.
Alcoa’s report marks the unofficial start to earnings season.
Wall Street expectations for first quarter earnings have been ratcheted down significantly ahead of the start of earnings season, with earnings for the S&P 500 expected to decline 4,2% over the prior year, mostly owing to the decline in oil prices and the rally in the US dollar.
In its report, Alcoa maintained its 2015 growth projections for the aerospace, automotive, building and construction, industrial gas turbine, and packaging end markets.
The company also reaffirmed its outlook for growth in the aerospace, automotive, building, industrial gas, and packaging end markets.
Alcoa also lifted its final demand outlook for aluminum in 2015.
Read more:
http://www.alcoa.com/global/en/investment/info_page/home.asp
http://www.alcoa.com/global/en/news/news_detail.asp?pageID=20150306000262en&newsYear=2015
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