Alcoa: A Soft Launch for Earnings Season
It wasn't exactly a barn-burner. Wall Street's summer earnings season started Monday when Alcoa (AA) released its second-quarter numbers. The giant aluminum company's earnings of 81¢ per share were 1¢ lower than analysts were expecting, according to Reuters. Profits were down 4% from a year ago, and revenues of $8.1 billion, though a record, fell short of consensus estimates by $300 million. Shares fell 1.65% in aftermarket trading.
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