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Alcoa (AA): FQ3 EPS of $0.03 beats by $0.03. Revenue of $5.8B beats by $200M. Shares +1% AH. (PR)

Alcoa (AA): FQ3 EPS of $0.03 beats by $0.03. Revenue of $5.8B beats by $200M. Shares +1% AH. (PR)
Comments (17)
  • TruffelPig
    , contributor
    Comments (4073) | Send Message
     
    If I am correct no one saw this coming :). Considering the problems in the sector I am a bit surprised on the positive side here.
    9 Oct 2012, 04:08 PM Reply Like
  • Windsun33
    , contributor
    Comments (4271) | Send Message
     
    Estimates were so low that I thought this might happen, which is why I have been buying (AA) over the past week or three.
    9 Oct 2012, 04:26 PM Reply Like
  • Lc_match
    , contributor
    Comments (125) | Send Message
     
    Minimum revenue "beat" on lowered expectations, down YOY. Nice to squeeze positive earnings, though.
    9 Oct 2012, 04:14 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Kleinfeld cited sentiment as a driving factor in market pricing, detaching from fundamentals. No surprise there.
    9 Oct 2012, 04:18 PM Reply Like
  • Cliff Wachtel
    , contributor
    Comments (1776) | Send Message
     
    was this 'beat' of long standing estimates, or of a recently revised lower estimate that facilitates such 'surprises'?
    9 Oct 2012, 04:21 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    Somewhat likely to unwind over the next few days. Forward looking outlook is not so good, which should temper prospects for future earnings.

     

    Disclosure: long AA
    9 Oct 2012, 04:34 PM Reply Like
  • racchole
    , contributor
    Comments (323) | Send Message
     
    The current administration is dependent on just about anything to make them look good, including miniscule earnings victories that will keep the market afloat until the election is over.
    9 Oct 2012, 04:42 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (810) | Send Message
     
    Yeah... Seems to me I did actually hear that the Obama administration has been out there buying aluminum cans like there is no tomorrow.

     

    Yes, that was sarcasium. What an absolutely silly comment.
    9 Oct 2012, 05:48 PM Reply Like
  • NeunElf
    , contributor
    Comments (11) | Send Message
     
    I think I saw him trying to redeem those aluminum cans so he could make a donation to Big Bird.
    9 Oct 2012, 09:00 PM Reply Like
  • samspicks
    , contributor
    Comments (2) | Send Message
     
    I don't think the current admin has much if anything to do with AA's earnings. However, if the stock market is still over 13k on election day it seems like me that Obama will win.
    10 Oct 2012, 02:53 AM Reply Like
  • Cliff Wachtel
    , contributor
    Comments (1776) | Send Message
     
    not that silly in its overall meaning:

     

    Was Reuter report last week citing 'senior EU officials' that Washington wanted quiet on the EU crisis until after elections - which is as good an explanation as any for:

     

    --why Troika delaying report on Greece long after it was due
    --why EU is still seriously considering 'lending' Greece more cash despite little chance taxpayers will ever see it again

     

    for details see SA post:

     

    http://seekingalpha.co...
    10 Oct 2012, 08:38 AM Reply Like
  • jjmc2001
    , contributor
    Comments (1275) | Send Message
     
    If you keep lowering the bar it becomes easier to clear. I like AA long-term but sold my common on the rally a few weeks ago. Sold 9.00 Oct. 20 Puts last week. This "beat" probably saved me from owning the stock. Lots of macro headwinds out there but AA is doing a nice job in a tough market.
    9 Oct 2012, 05:21 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Its been a dead stock for 4 years more or less....but its always the first
    9 Oct 2012, 05:25 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (810) | Send Message
     
    I agree. It would be interesting to see what Kleinfeld could do running a company that actually wasn't constantly swimming upstream. Personally, I think he's a pretty decent CEO. But it's hard to see any near-term catalysts for Alcoa unless the world economy gets decidedly better which looks like a long-shot at best.
    9 Oct 2012, 05:56 PM Reply Like
  • jjmc2001
    , contributor
    Comments (1275) | Send Message
     
    @youngmann
    It has been a lot more exciting than many stocks the last 3 years. Went from around 10 to 18 and back down. Been dead the last year but in 2009-2010 it was a good trading stock. I had some fun with it but 2012 it has been an ugly chart.
    9 Oct 2012, 06:03 PM Reply Like
  • samspicks
    , contributor
    Comments (2) | Send Message
     
    Please give me another large company whose price is relatively low, that one can make $$ on the next few years (other than AA, INTC, MSFT).
    10 Oct 2012, 02:56 AM Reply Like
  • Johann Potgieter
    , contributor
    Comment (1) | Send Message
     
    a new set of lies freshly squeesed for today have faith all = ENRON
    10 Oct 2012, 03:39 AM Reply Like
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