Colosseum a.s. (Colosseum a.s.)
Commodities  |  July 10, 2012 10:39:28

Alcoa exceeded expectations

ColosseumEconomic results of Alcoa (AA), the largest aluminum producer in the United States, exceeded analysts' expectations. Profit after adjusting for exceptional items amounted to 6 cents per share. Analysts polled by Bloomberg had expected profit of 5 cents. Revenues fell by 9.4 percent to $ 5.96 billion. Analysts expected the revenues of 5.81 billion. CEO Klaus Kleinfeld confirmed the earlier prediction the company, which expects growth in demand for aluminum this year by 7%. Shares of the company during yesterday's trading grew by 0.4% to 8.76 dollar.

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