Earnings Season Kicks Off; Alcoa Disappoints

Posted on 12. Jan, 2010 by admin in U.S.

The earnings season kicked off last night with Alcoa (AA) reporting a narrower loss versus last year, but disappointing Wall Street estimates. The aluminum maker lost $277 million in the fourth quarter, or 28 cents per share, as compared to a $1.2 billion loss, totaling $1.49 per share, in the same quarter last year.

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