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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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January 30, 2015
05:30 EDTAAAlcoa sees FY16 revenue from wheel products to increase to $1B
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January 27, 2015
09:36 EDTAAActive equity options trading
Active equity options trading according to Track Data: AAPL MSFT TWTR TSLA GILD NFLX C AA HPQ X
January 23, 2015
13:12 EDTAAJPMorgan Chase reports 5.6% passive stake in Alcoa
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09:36 EDTAAActive equity options trading
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