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  • stockartist: 
  • Comments (27)
  Looks like China's stimulus package helped push up AA top line numbers. The weak US dollar, Brazil, cash for cars and inventory rebuilding have all helped AA beat the estimates.
  
  What will happen next quarter when all of these drivers are not going to to be in play?

  Oct 07 04:16 PM | Link | Reply
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  • Referee: 
  • Comments (135)
  $0.13 cents ? wow ... revenue -34% ? oh .... recession is over !!!!!!

  Oct 07 04:17 PM | Link | Reply
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  • waf76: 
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  why was shares halted?

  Oct 07 04:34 PM | Link | Reply
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  • waf76: 
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  why were*

  Oct 07 04:34 PM | Link | Reply
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  • Roberm73: 
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  • doomisnigh
  -34% revenue Glad the worse is over.

  Oct 07 04:37 PM | Link | Reply
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  • MarketGuy: 
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  As is the "earnings trend" lately, when you "beat" a ridiculous overshoot to the downside analyst number, and you're still in the red...well, guess what?...you're NOT doing well.
  
  These analyst EPS "expectations" since the crash are some of the biggest sandbagging ploys I've ever seen.

  Oct 07 04:51 PM | Link | Reply
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  • mrdirt: 
  • Comments (56)
  Cost savings from the 13.5k laidoff in Jan 09. Most demand from China.
  
  "The results reflect cost-cutting by Alcoa as it tried to keep pace with lower orders from the aerospace, automotive and construction industries. Alcoa says it earned $268 million, or 33 cents per share, in the year-earlier period."
  
  
  On Oct 07 04:37 PM Roberm73 wrote:
  
  > -34% revenue Glad the worse is over.

  Oct 07 04:54 PM | Link | Reply
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  • AuContrarian: 
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  Au contraire. The earnings deluge is ON. By earning a profit on past job cuts, further job cuts not warranted. The recent 4% demand for aluminum portends revenue growth for next quarter. Forecast is up, and disaster discount is GONE. The slack demand for shares is now reversed, and the DOW will rise. Shorts are squeezed on AA and other DOW components. This will be the first wave of short-cover and long-term investment rallies. Next week, INTC's better BEAT/Forecast upgrade will complete the cycle. Onward and upward.

  Oct 07 04:58 PM | Link | Reply
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  • enigmaman: 
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  CEO credits beating earnings because of their business adjustments, the Chinese economy rebounding as well as Asia but then he lost all credibly by saying there performance was due to the rebounding car industry in what part of the world, In USA after cash for clunkers sales tanked.

  Oct 07 05:00 PM | Link | Reply
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  • fotokemist: 
  • Comments (37)
  Hmmm... Let's see. 4 x $0.13 = $0.52 annualized profit based upon vigorous expense reduction. Sales down 34%. Auto industry in decline. Construction in decline. Aerospace in decline. Yup, a P/E ~ 30 makes perfect sense.

  Oct 07 05:12 PM | Link | Reply
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  • HZLIU: 
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  Anyone bother to check the line "other expenses" in the operation sheet. Alcoa add 123m as income in 3Q09 while 15m as expense in 3Q08. Net 128m towards income in 3Q09. All net income 77m in 3Q09 come out from this unknown source and still short of 51m. Cost cutting: SGA was 234m in 3Q09 vs 275m in 3Q08, save 41m; R/D, 39m vs 61m, save 22m; total 63m. That mysterious 123m other expenses-turned income was the major contributor to 3Q09. Nothing to brag about.

  Oct 07 05:19 PM | Link | Reply
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  • Archman Inv...: 
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  • The Complete Dividend Plan
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  • The Complete Dividend Plan
  <<Revenue of $4.6B (-34%) in-line.>>
  Revenue down, period. EPS beat is the usual bull.
  Let the market take it all up. Keep going. Just know that at some point all the lairs on CNBC are going to be wrong and those mom and pop investors that have listened to them, are going to get destroyed.
  
  Declining revenue, cost cutting, and head count reduction are not the sustainable way grow a business.
  
  Don't fall for the financial media lies.
  
  compdivplan.com

  Oct 07 07:31 PM | Link | Reply
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  • Archman Inv...: 
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  And to follow up:
  Typical CNBC, Larry Krudlow absolutely lying thru his teeth saying: "Alcoa had a blowout quarter"
  
  This man should be in prison for his outright lies. AA had an awful quarter, and the fact they beat the always manipulated and grossly lowered analyst estimates means nothing. Nothing.

  Oct 07 07:41 PM | Link | Reply
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  • SecretaryNo...: 
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  Alcoa
  
  from a YOY perspective
  
  q3 revenues (- 40%)
  
  q3 eps (-90%)
  
  q3 tonnage (-9%)
  
  share price October 8 2008 $14.71
  
  share price October 7, 2009 $14.20 (after hours $14.99)
  
  
  The comparison looks even more ridiculous when you add the facts that during that time period AA diluted shareholders by issuing 150 million shares of common stock at $5.25/share, $.28 above the 52 week low and $500 million of convertible bonds at the same time. In the last 12 months they've also cut the quarterly dividend from $.17 to $.03 per share
  
  www.zerohedge.com/arti...

  Oct 07 09:32 PM | Link | Reply