The US. first quarter earning season has been kicked off by ALCOA and our earning season begins with INFY on the 15th of April.This season now takes turn where investors will be very cautious, it should show where both the Indian and the US economy is headed.
Alcoa Inc. reported late Tuesday a first-quarter net loss of $178 million, or 16 cents a share, reversing a year-ago profit of $149 million, or 13 cents a share. The results include $276 million in special items tied to reducing smelter and rolling mill production capacity. Excluding one-time items, the company earned $98 million, or 9 cents a share. Revenue for the three months ended March 31 fell to $5.45 billion from $5.83 billion. Analysts polled by FactSet, citing adjusted earnings, had predicted the aluminum producer would earn 5 cents a share on $5.56 billion in revenue. Alcoa shares rose 2.4% to $12.89 in after-hours trade
Alcoa Inc. reported late Tuesday a first-quarter net loss of $178 million, or 16 cents a share, reversing a year-ago profit of $149 million, or 13 cents a share. The results include $276 million in special items tied to reducing smelter and rolling mill production capacity. Excluding one-time items, the company earned $98 million, or 9 cents a share. Revenue for the three months ended March 31 fell to $5.45 billion from $5.83 billion. Analysts polled by FactSet, citing adjusted earnings, had predicted the aluminum producer would earn 5 cents a share on $5.56 billion in revenue. Alcoa shares rose 2.4% to $12.89 in after-hours trade