Monday, July 11, 2011

Alcoa Doubles Quarterly Earnings

QUARTERLY STATS: Alcoa's net income totaled $322 million, or 28 cents a share. That compared with $136 million, or 13 cents share, a year ago. Excluding one-time items, Alcoa earned 32 cents a share. Revenue totaled $6.59 billion compared with $5.19 billion in the previous second quarter.

IMPROVING SALES: Alcoa reported double-digit sales increases in packaging, building and construction and commercial transportation. Gains also were reported in the industrial products, aerospace, automotive and industrial gas turbine businesses.
Comments
0 Comments

0 comments:

Post a Comment