Tuesday, January 13, 2009

Earning Acid Test : Alcoa

The US Aluminium prducer Alcoa released their earning results after the market hour. The operating earning per share came in way below expectation - loss of US $ 0.28 per share vs. expectation of loss US $ 0.10. This is way-off by almost 3 times.

Let's see how the market going to take it after a string of losing streaks in more than a week.

http://money.cnn.com/2009/01/12/news/companies/Alcoa_earns/index.htm?postversion=2009011218
( Click link if you want more details)

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