The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: tejek	10/7/2010 4:18:44 PM
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Alcoa posts lower profit, raises demand outlook as blue chip kicks off earnings season 10/07/2010 04:15:11 PM SAN FRANCISCO (MarketWatch) -- Alcoa Inc. /quotes/comstock/13*!aa/quotes/nls/aa (AA 12.55, +0.36, +2.95%) on Thursday reported a third-quarter profit of $61 million, or 6 cents, down from $77 million, or 8 cents a share, a year earlier. Sales rose to $5.29 billion from $4.62 billion. Analysts polled by FactSet Research were looking for a profit of 6 cents a share, on average, with sales of $4.95 billion. The company raised its forecast for global aluminum demand to 13% from 12%

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