Alcoa Earnings Prep
20:32 UTC 06 Oct 2009 
4 Comments
Well after much anticipation the 3rd quarter earnings season is upon us. There has been endless talk on both sides of the tape. The bears have beaten to death the “lack of earnings” argument, while the bulls have done the same with the “things are getting better” argument. Starting with Alcoa we will see what kind of reaction the market will have with the results…. and thats all that matters is what the market thinks.
On 7/8/2009, AA reported 2nd quarter 2009 losses of $0.26 per share. This result beat the $0.39 consensus loss of the 15 analysts covering the company and missed last year’s 2nd quarter results by -139.4%.
Below are some charts that should make things clear on where we are and what the expectations are.
First is an earnings chart showing some recent history on the results with the stock price chart behind.
The rest is on the full post….
Below is an interactive chart showing some of the income statement items of interest.
Its pretty much a coin toss tonight… The most important part will be their outlook for next quarter and etc… which im sure they will color rosy.
Agreed…. im sure they will spin it some way or another and launch a rally
Well .. big surprise they beat expectations. Coming in with making 4 cents per share instead of the expected 8-10 cent loss per share.
And the reaction is looking positive as the market looks to be rallying after hours.
After hours Alcoa is at a 52 week high of $15.07