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Stock Market & Financial Investment News

News Breaks
July 8, 2014
17:55 EDTAAAlcoa expects Q3 EPS to 'continue to build on strong second quarter'
On Alcoa's Q2 earnings conference call, management said during the quarter the company witnessed revenue growth across all major end markets and the businesses continued to deliver productivity gains. They expect Q3 earnings per share to, "continue to build on the strong second quarter." ATOI is expected to grow by 5%-10% over last year's third quarter due to continued share gains, stronger market conditions and productivity. Productivity gains are expected to offset cost increases in Q3. For 2014, productivity is ahead of schedule with $556M of productivity gains achieved in 1H14 against the annual target of $850M. Further restructuring charges are expected to be $50M-$60M after tax for the remainder of 2014, due to the closure of the Australian plants. Approximately 90% of these charges are expected to be non-cash.
News For AA From The Last 14 Days
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August 31, 2015
06:10 EDTAAAlcoa implied volatility of 56 at upper end of index
August 28, 2015
10:20 EDTAAAlcoa rallies with Freeport-McMoRan, materials sector
Shares are up over 5% to $9.33 at time of writing, putting it above downtrend resistance at the 10-day moving average. At that price next resistance is at $9.51. Support is at $9.19.
August 26, 2015
10:24 EDTAACentury Aluminum to curtail Hawesville operations due to weak prices
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