SmarTrend(R) News Watch: Alcoa Kicks Off Second Quarter Earnings Season
Sun. July 05, 2009; Posted: 09:26 AM
Jul 05, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- After the close of trading on Wednesday, Dow component Alcoa (NYSE:AA) has the dubious honor of unofficially beginning the second-quarter earnings season. The aluminum maker is expected to report a loss of 34 cents per share versus a profit of 66 cents in the year-ago period. The consensus revenue estimate is for $3.94 billion in sales, down a whopping 48% from the $7.62 billion in sales Alcoa reported in the second quarter of 2008.
Write to Chip Brian at cbrian@tradethetrend.com
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