Alcoa Earnings Summary

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Mon, 04/11/2011 - 15:58 | 1158801 ZeroPower
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AA EPS always mean pretty much zero besides a small boost or dump on futures at the time, but go figure to CNBC this is the kickoff of 'earnings season'..

Mon, 04/11/2011 - 18:17 | 1159348 SheepDog-One
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Check that AA P/E...73.4....Whaaaaaaaaa.....

Mon, 04/11/2011 - 20:31 | 1159813 Rick64
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Mon, 04/11/2011 - 15:59 | 1158810 carbonmutant
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It would seem that with all the tinfoil consumption around here their numbers should be up... lol

Mon, 04/11/2011 - 16:02 | 1158832 Deepskyy
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I use recycled, cheaper, and Alcoa has already made the money once so I can stick it to the man.


Mon, 04/11/2011 - 16:03 | 1158840 idea_hamster
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Aluminum -- the other white metal.

I see a grand ad campaign....

Mon, 04/11/2011 - 16:13 | 1158891 spiral_eyes
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aluminum used to be more expensive than gold in the 19th century...

Mon, 04/11/2011 - 16:15 | 1158904 idea_hamster
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True -- hence its place atop the Washington monument.

But inexpensive electricity eventually made redering elemental aluminum...well...elementary.

Mon, 04/11/2011 - 16:17 | 1158912 Dangertime
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Now THAT was a good comment.

Mon, 04/11/2011 - 15:58 | 1158813 John McCloy
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The Ponz closes green by a

Yeah this is legit.

Mon, 04/11/2011 - 16:00 | 1158821 Hephasteus
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Well they won't be making new aluminum for this plane now that it's found a YEAR later.

Mon, 04/11/2011 - 16:21 | 1158923 Cash_is_Trash
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I know, what a fucking disaster...

Mon, 04/11/2011 - 16:06 | 1158847 The Axe
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Chocolate bars are smaller--thus less aluminum...fuck

Mon, 04/11/2011 - 16:07 | 1158854 vast-dom
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Aluminum compounds Alzheimer's.

Mon, 04/11/2011 - 16:09 | 1158877 Jason T
Jason T's picture

its in my arm and hammer deoderant!  Why??  Trying to poison us? won't buy that again.  

Mon, 04/11/2011 - 16:21 | 1158922 Agent P
Agent P's picture

Just about any deodorant that is also an antiperspirant will have it.


Mon, 04/11/2011 - 16:25 | 1158946 Hephasteus
Hephasteus's picture

The metals thing has a mystery component. You also have to have a screw up in your krebs cycle to make it function as harmful. Which is what the innoculation parents finally discovered. The kids with the krebs cycle screw up got all the harmful effects of the metals in them. While kids without the kreb cycle problem it turned out it WAS perfectly safe.

Mon, 04/11/2011 - 16:31 | 1158978 lance_manion
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Jason, didn't you get the memo?  It's all Mitchum now.

Mon, 04/11/2011 - 16:43 | 1159017 LFMayor
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Robert Mitchum.  So you smell like you've been on a 3 day bender.

Mon, 04/11/2011 - 16:51 | 1159052 erik
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It is also in Arm & Hammer baking soda.  The #1 baking soda sold in the US and used in cooking a huge range of foods. 

side note:  the whole captcha cannot be longer than 2 characters is getting really old.  17 times __ = -578.  answer that in two characters and you get a cookie made with A&H baking soda.  

Mon, 04/11/2011 - 16:08 | 1158865 plocequ1
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My Macbook pro is made from Alcoa Aluminum.. Aye, She's a fine machine, A fine machine.

Mon, 04/11/2011 - 16:21 | 1158933 Cash_is_Trash
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'Assembled' in China.

If a Foxconn employee loses it, the mutherfucker commits 'suicide'.

Long live the Leader of the Movement

Mon, 04/11/2011 - 16:10 | 1158869 I am Jobe
I am Jobe's picture

You must be out of your mind. They can say whatever they want and spin the news and gives the CEO to loot the cookie jar.

Yeah the Great Nation and ethical , wtf.

Mon, 04/11/2011 - 16:11 | 1158871 Pepe
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KK braggs about Alcoa assisted  by bartiroma sucks

Mon, 04/11/2011 - 16:11 | 1158872 dashingdwl
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Isn't that a $100 million miss?

Mon, 04/11/2011 - 16:12 | 1158880 Pepe
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AA raises and then falls obeying law of gravity. Bartiromo's fuel exhausted

Mon, 04/11/2011 - 16:16 | 1158897 plocequ1
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Revenues.. Picky, Picky. Who cares. The fed will take care of it with "Gringo" bucks. Rally on

Mon, 04/11/2011 - 16:14 | 1158901 Pepe
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in any other (civilized) country (non-existent nowadays) CNBC staff would be indicted and charged with disseminating false information.

Mon, 04/11/2011 - 18:26 | 1159398 IQ 145
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 hey, lighten up; they're not financial experts, they just play one on TV.

Mon, 04/11/2011 - 16:15 | 1158902 The Answer Is 42
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After-hours trading of AA halted. WTF?

Mon, 04/11/2011 - 16:24 | 1158943 SheepDog-One
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According to CNBC, theyre unable to process all the panic buying orders....

Mon, 04/11/2011 - 16:26 | 1158954 Rikki-Tikki-Tavi
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Very odd indeed - also odd how that 18.2 quote was placed while the stock was halted - just so the price chart could look good for bobble-vision. Surely they will release as soon as the reporting is over - tomorrow everybody will have forgotten AA. Leaves a bad taste in the mouth!

Mon, 04/11/2011 - 16:17 | 1158903 A Man without Q...
A Man without Qualities's picture

Alcoa reminds me of this rather sad looking old stripper who was the first out at a "show" I went to years ago.  You know, she really was passed it, everything hung far too low and she wouldn't arouse anyone, but nobody had the heart to say anything and she got a sympathetic applause at the end.

Mon, 04/11/2011 - 16:32 | 1158972 sabra1
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can you pleade send my grandma home!

Mon, 04/11/2011 - 16:31 | 1158975 sabra1
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can you please send my grandma home!

Mon, 04/11/2011 - 19:10 | 1159542 SheepDog-One
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That story of the old stripper reminds me of Maria.

Mon, 04/11/2011 - 16:18 | 1158916 ATG
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CNBC headlines and AA turns green on a penny beat:

"Alcoa Earnings Top Forecasts; Shares Rise"

Mon, 04/11/2011 - 16:18 | 1158917 Dangertime
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And now begins the correction.  I have a feeling this could get very ugly.

Mon, 04/11/2011 - 16:20 | 1158928 SheepDog-One
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Well Im sure the Blowhorn has appropriately spun this into a positive, priced it in, and futures can be solidly green by 7 AM.

Mon, 04/11/2011 - 16:24 | 1158936 Caviar Emptor
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The  "non-recovery" continues to let it's false teeth, hairpiece and shoe lifts show. 

Without combined fiscal and monetary stimulus these companies would be in the crapper.

The real economy is in a deflationary depression. The paper economy is bloating more and more every day, driving up the cost of doing business and living. We already know how this is going to end. 

Lotsa Luck!

Mon, 04/11/2011 - 16:25 | 1158938 monopoly
monopoly's picture

AA not that important anymore. Still not shorting this market, but man, I really want to. Waiting for all the pieces to fall into place.

Just the yellow and silver stuff for me.

Mon, 04/11/2011 - 16:24 | 1158942 AC_Doctor
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Too bad they don't do tungsten.  The COMEX and LBMA could send them some serious business...


Mon, 04/11/2011 - 16:31 | 1158973 irishlink
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News from  Ireland, Unlike Iceland the Irish people will not get the chance in a referendum to vote wheither we can burn the bondholdewrs and it also looks like we have a lame duck Government who are just puppets and the strings are being pulled, tugged,and manipulated by our FRIENDS in Europe. We are now in reality without a Government. We will have to take a crash course in German and French!

Mon, 04/11/2011 - 16:33 | 1158974 RobotTrader
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Still amazed at how the PM sector is the only one that gets immediately crapped on after a nice looking breakout.

Almost a 100% success rate of slamming these stocks within 2 trading days after a breakout where you would expect follow through.

The only sectors that seem to follow though on breakouts are retailers and tech stocks.

Stocks like BIDU that break out and keep going without ever looking back.

Mon, 04/11/2011 - 16:37 | 1159002 SheepDog-One
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Youre amazed the FED loves their pet stocks and hates PM's? Then youre an idiot. No seriously.

Mon, 04/11/2011 - 16:37 | 1159003 Hedgetard55
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The stupid MOFOs are merely compressing the spring even more.

Mon, 04/11/2011 - 16:34 | 1158990 chinaguy
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Bloomberg: Alcoa Profit Tops Analyst Estimates as Aluminum Price Gains

Alcoa Inc. (AA), the largest U.S. aluminum producer, reported first-quarter profit that beat analysts’ estimates after prices rose for the lightweight metal.

Net income of $308 million, or 27 cents a share, compares with a loss of $201 million, or 20 cents, a year earlier, New York-based Alcoa said today in a statement. Earnings excluding restructuring costs and other one-time items were 28 cents a share, topping the 27-cent average estimate of 14 analysts surveyed by Bloomberg. Sales increased 22 percent to $5.96 billion.

The adjusted profit is the biggest since the company earned 37 cents a share in the third quarter of 2008, when commodity prices tumbled amid the global financial crisis. Aluminum prices have advanced in the past year in London because of improving demand for the metal, which is used in construction, autos and beverage cans

Mon, 04/11/2011 - 16:36 | 1158995 SheepDog-One
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Well its down well over that .37 cents a share they earned after hours.

Mon, 04/11/2011 - 16:43 | 1159022 A Man without Q...
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I think there were some pretty high whisper numbers, so make no mistake, this is a bad miss...

Mon, 04/11/2011 - 16:47 | 1159029 SheepDog-One
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Down 2% so far.

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