Alcoa Investors Awaiting Split Payoff Get Gloomy Outlook: ChartBy
Alcoa Inc. investors got a much-anticipated glimpse of the future this week. Unfortunately, it looks a lot like the recent past.
Investors are doubting the company’s ability meet this year’s earnings target after Chief Executive Officer Klaus Kleinfeld said that some assets bought to bolster its business weren’t meeting expectations. Profit-margin growth slid for three straight quarters, and a further drop is forecast by analysts.
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