Tuesday, July 10, 2007

Alcoa shares slip after second-quarter earnings

(Reuters) - After the close of trading on Monday, the company posted earnings of $716 million, or 81 cents per share, from continuing operations, down from $749 million, or 85 cents per share, a year earlier, but in line with Wall Street expectations.




Revenue for the quarter was $8.1 billion, up from $7.8 billion last year, but below analysts' forecasts of $8.41 billion.


Read more at Reuters.com Hot Stocks News

No comments: