Alcoa Inc. (AA), the world’s third-largest producer of aluminum, gained 5.7% (84 cents) yesterday to close at a 52-week high of $15.69.
On Monday, Alcoa had comprehensively beaten revenue and earnings forecasts for the second quarter of 2014 (2QFY14; ended June 30, 2014). It posted earnings per share (EPS) of 18 cents and revenues of $5.84 billion, topping estimates by 50% and 3.3%, respectively.
Yesterday, a number of anal ...
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1 day ago, 6:28am CDT