Alcoa (AA) Could Rip as Demand Absorbs Aluminum Oversupply - Cramer
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Alcoa, Inc. (AA) Tops Q3 EPS by 6c
October 8, 2013 4:04 PM EDTAlcoa, Inc. (NYSE: AA) reported Q3 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.66 billion.
Key points:
* Engineered Products and Solutions after-tax operating income up 22 percent year-over-year; record quarterly adjusted EBITDA margin
* Primary Metals and Alumina after-tax operating income up sequentially and year-over-year
* Alcoa reaffirms its 7 percent global aluminum demand growth forecast for 2013 and sees essentially balanced alumina and aluminum markets.
Alcoa continues to project global growth this year across the aerospace (9-10 percent), automotive... More
