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Strategies & Market Trends : 50% Gains Investing

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To: Cogito Ergo Sum who wrote (83210)10/7/2009 4:40:24 PM
From: chowderRead Replies (2) of 118717
 
Re: AA ... I love it. Up sharply in after hours too.

Oct. 7, 2009, 4:15 p.m. EDT

Alcoa reports surprise profit
SAN FRANCISCO (MarketWatch) - Alcoa Inc. reported a surprise third-quarter profit Wednesday afternoon, ending three straight quarters of losses. Net income for the aluminum giant was $77 million, 8 cents a share. In the year-ago period, Alcoa earned $268 million, or 33 cents a share. Sales fell 33% to $4.62 billion from last year's quarter. The results topped Wall Street's expectations. Analysts had forecast Alcoa to lose 10 cents a share on revenue of $4.5 billion. Ahead of the report, Alcoa shares closed up 2.2% at $14.20. The stock has gained 26% in value so far this year, better than the 11% gain for the Dow Jones Industrial Average.
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