Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

UBS Warburg Raised Alcoa Estimates

UBS Warburg raised estimates on Alcoa (AA).

Analyst Daniel Brebner says aluminum maker posted 23 cents earnings per share for the first quarter -- ahead of the 19 cents consensus and his 21 cents estimate. He characterizes first quarter profitability as solid given the difficult economy and operating environment. He says it's premature to suggest Alcoa's downstream or upstream businesses have reached cyclical troughs, but he expects a market debate, with respect to timing, will support shares in the near term.

Brebner thinks quarterly earnings per share could be volatile over the next several quarters as margins remain weak; he remains concerned over the prospects for downstream markets. He is keeping his neutral rating. He raised the 99 cents 2003 earnings per share (continuing operations) estimate to $1.02.

blog comments powered by Disqus