SAN FRANCISCO (MarketWatch) -- Alcoa Inc. /quotes/comstock/13*!aa/quotes/nls/aa (AA 17.42, -0.03, -0.17%) , aided by improving aluminum prices and lower corporate costs, reported a smaller fourth-quarter loss Monday afternoon. Net loss was $277 million, or 28 cents a share. In the year-earlier quarter, Alcoa lost $1.2 billion, or $1.49 a share, when aluminum prices and demand collapsed. Sales fell 4% to $5.4 billion. Excluding charges, Alcoa said it earned 7 cents a share. Analysts had forecast 5 cents a share on sales of $4.9 billion, according to FactSet Research. Sales have now ticked higher for three straight quarters. Alcoa shares closed up 2.5% at $17.45 so it beat the forecast then, right? what a piece-of- aluminum company! loses 28cents/shr and still gained 35% over the last month! I have to say that this is one incredible market. is there any chance AA is up tomorrow?
Aftermarket trading is back up for it it seems and its not being hammered as I thought it would (then again, I'm a big noob so ignore me entirely).
Those numbers are wrong, they lost 27 cents and had 28 cents of special items so net of the two they made 1 cent which is below the consensus of 6 cents. They did beat on revenues though.
wow look at the drop!!! bidding down. Quite a few large lots traded on the bid side pushing the price up. Probably short covering so the short sellers can go to the strip bar tonight worry free. They got their nice return Tuesday will be interesting.