Alcoa Beats, Provides Shaky 2012 Forecast

Its official, earnings season has begun and Alcoa (AA) has kicked things off with their report after the bell yesterday. AA was able to top estimates by showing a net loss of $143 million. “Excluding legal and environmental remediation costs, it had per- share profit of 3 cents” writes Sonja Elmquist of Bloomberg. Analysts had been expecting the company to break even or to show EPS of 0.01 depending on which sources you conglomerate [for more aluminum news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Earnings Sneak Peek: Alcoa (AA) The 5 Minute Guide To Aluminum ETFs Complete List Of New 2011 Commodity ETFs The Guide To The Biggest Companies In Every Major Commodity Sector