Alcoa To Release First Quarter Earnings Today

Discussion in 'Stock Market Forum' started by PaulSchinider, Apr 9, 2014.

  1. PaulSchinider

    PaulSchinider Well-Known Member

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    Alcoa is scheduled to release its first quarter earnings for fiscal 2014 today after markets close, followed by a conference call. Analysts expect EPS of five cents per share and revenues of $5.55 billion

    Alcoa Inc. (AA), the world’s largest primary and fabricated aluminum maker, as well as the world's biggest miner of bauxite and refiner of alumina, will release first quarter results for its fiscal 2014 (1QFY14) after the market closes today, with a conference call to be held at 5 PM EST.
    Analysts expect earnings per share (EPS) for 1QFY14 to come in at five cents, down from 11 cents in the same quarter last year, but one cent up from the expectations last month. The full-year EPS estimate is 37 cents.

    The Pittsburgh-based aluminum products manufacturer’s revenues are expected to drop to $5.55 billion for the quarter, a decline of 5% from the previous year’s revenue figure. Revenue expectation for the full year so far is $23 billion, with operating profit expected to be $237 million for 1QFY14, and $1.31 billion for the whole year. Gross margin estimates are 16% for the first quarter, and 17% for full FY14.

     
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