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Alcoa (AA): FQ3 EPS of $0.09 beats by $0.04. Revenue of $5.3B (+14.6%) vs. $5B. (PR)

Alcoa (AA): FQ3 EPS of $0.09 beats by $0.04. Revenue of $5.3B (+14.6%) vs. $5B. (PR)
Comments (26)
  • bbro
    , contributor
    Comments (9832) | Send Message
     
    good revenue number...
    7 Oct 2010, 04:11 PM Reply Like
  • AuContrarian
    , contributor
    Comments (36) | Send Message
     
    Nice beat and raise. Top line growth. Perfect earnings kickoff. Add the ADBE likely merger with MSFT on top of today's retail sales reports and reduced unemployment claims and there is no room to short the market at this level.
    7 Oct 2010, 04:13 PM Reply Like
  • LuckyPick
    , contributor
    Comments (740) | Send Message
     
    any link or news to the future guidance?
    7 Oct 2010, 04:13 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    blogs.barrons.com/stoc...

     

    Overseas demand..
    "“We see markets strengthening and have increased our 2010 global aluminum consumption forecast to 13 percent from 12 percent. In countries such as China, Brazil, India, and Russia, more and more people are moving into the middle class, driving demand in building and construction, transportation, and packaging."
    7 Oct 2010, 04:15 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Profit down from 77m to 61mm. Beat "expectations" after eps est. was lowered 3 times. Oh yeah, great numbers.
    7 Oct 2010, 04:18 PM Reply Like
  • nobby73
    , contributor
    Comments (1177) | Send Message
     
    To put it into context, it's a profit margin of less than 1.2%..
    7 Oct 2010, 04:24 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    and THAT's how AA rolls. "Nothing up my sleeve..."
    7 Oct 2010, 04:26 PM Reply Like
  • nobby73
    , contributor
    Comments (1177) | Send Message
     
    This number's wrong, EPS was $0.06, in line with expectations...
    7 Oct 2010, 04:19 PM Reply Like
  • bbro
    , contributor
    Comments (9832) | Send Message
     
    Strong end-market revenue performance in the quarter was achieved in Packaging (+11 percent),etc.

     

    Got to have something in the packaging...
    7 Oct 2010, 04:24 PM Reply Like
  • informed23
    , contributor
    Comments (10) | Send Message
     
    @nobby73, market watch is quoting EPS at $0.06
    7 Oct 2010, 04:24 PM Reply Like
  • mannettino
    , contributor
    Comments (1065) | Send Message
     
    Gotta laugh at the absurdity of it all:
    the company blamed lower earnings in part on the weak US dollar....

     

    Gee...I thought all that f/x risk was going to be hedged, and so we had nothing to worry about as Benny and the POMO's monetize away the value of our currency?!

     

    Profit margins are crapola, and they 'beat' once-again-lowered expectations.
    7 Oct 2010, 04:29 PM Reply Like
  • The Last Boomer
    , contributor
    Comments (900) | Send Message
     
    MarketWatch reports 6 cents per share which is line with the analysts' expectations from this morning: 6 cents per share. All other sources I saw also report 6 cents. Where did you get 9 cents? I am all for good news but they have to be real, not fake.
    7 Oct 2010, 04:41 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    Would have been 9 cents....I guess SA read the wrong thing.
    "The New York-based company, seen as a bellwether for global manufacturing, reported earnings of $61 million, or 6 cents, down from $77 million or 8 cents a share a year earlier. Excluding one-time items, earnings would have come in at 9 cents a share."
    7 Oct 2010, 04:44 PM Reply Like
  • bbro
    , contributor
    Comments (9832) | Send Message
     
    Final numbers.... S&P 500 revenue per share for 2nd quarter up 6%
    from last year....TTM per share 932.49....add another 11 for this quarter
    7 Oct 2010, 04:43 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    I guess a -53 p/e and <1% yield makes a screaming buy. Up AH by ~40cents. This is the type of market insanity I just don't get.
    7 Oct 2010, 04:45 PM Reply Like
  • Ranni
    , contributor
    Comments (142) | Send Message
     
    You must be same fellow who is enough convinced to buy, only after company has first beaten estimates numerous quarters and finally releases record earnings?

     

    Good luck!
    7 Oct 2010, 05:27 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    No, I do not buy/sell equities for the most part. Options and forex are 90% of my trades.
    7 Oct 2010, 06:54 PM Reply Like
  • AuContrarian
    , contributor
    Comments (36) | Send Message
     
    Bought at close for 12.18, now 12.54+, what's to worry about?
    7 Oct 2010, 04:55 PM Reply Like
  • AuContrarian
    , contributor
    Comments (36) | Send Message
     
    Fair value near $17 per Alan B. Lancz.
    7 Oct 2010, 04:57 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Good luck with that...
    7 Oct 2010, 06:49 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    Lancz is worth following. One of the few. Good value investor. His rec. is worth something.
    7 Oct 2010, 08:35 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    I would be worried that any big block trades are sellers. I've been sitting here watching AH and any size over 5K (most not all) and each and every 10K+ block is a seller and they are selling well under market @ ~12.25 to 12.35.
    7 Oct 2010, 05:01 PM Reply Like
  • AuContrarian
    , contributor
    Comments (36) | Send Message
     
    AH price is steady at 12.59.
    7 Oct 2010, 05:17 PM Reply Like
  • Barry Crocker
    , contributor
    Comments (454) | Send Message
     
    61m on 5.3B of revenue : )
    7 Oct 2010, 05:52 PM Reply Like
  • AuContrarian
    , contributor
    Comments (36) | Send Message
     
    Well, up another 3.5% from the open today and holding at 12.99. Any shorters out there?
    8 Oct 2010, 12:34 PM Reply Like
  • LuckyPick
    , contributor
    Comments (740) | Send Message
     
    shorts got burned nicely... more upside ahead as there'll bound to be short-covering
    8 Oct 2010, 04:53 PM Reply Like
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