"Aluminum giant beats estimates in 1st period" Globe Wires, April 09, 2013
Alcoa Inc., the largest US aluminum producer, kicked off earnings season Monday by reporting a larger first-quarter profit than analysts expected, helped by strong demand for aluminum used to make airplanes and automobiles.
Alcoa is the first company in the Dow Jones industrial average to report first-quarter results. Because its products wind up in so many things, from cars and buildings to soda cans, investors study Alcoa’s results for hints about earnings at companies in other industries....
Sales declined....
Revenue fell....
But they had strong demand? Looks like it weakened.
Net income rose to $149 million....
It truly is a "golden age for corporate profits!"
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Also see: Which Corporations Are Backing the Carbon Tax Bill?
