logo
Share SHARE
FONT-SIZE Plus   Neg

Earnings Watch For April 10 (AA, SVU)

Alcoa, Inc. (AA) will set the tone for corporate earnings season today. The aluminum producer, the first component of the Dow Jones Industrial Average to announce its quarterly results, is expected to report a loss of $0.04 per share on revenues of $5.77 billion for the first quarter. A year earlier, earnings and revenue were $0.28 per share and $5.96 billion respectively. Higher pricing, growing demand in major end markets and improved productivity positively affected the year-ago results. On the NYSE, AA closed Monday's regular trade at $9.60. (The stock gained nearly 16% in Q1; MA(50)- $10.20; MA(100)- $9.85; 52-wk H/L $17.96/$8.45)

Grocery retailer Supervalu Inc. (SVU) is expected to report results for the fourth quarter. The company is expected to earn $0.35 per share on revenues of $8.31 billion. In the same quarter a year earlier, the company reported earnings of $0.44 per share on revenues of $8.66 billion. The shares closed Monday at $5.32. (The stock plunged almost 29% in Q4; MA(50)- $6.41; MA(100)- $7.00; 52-wk H/L $11.77/$5.07)

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors. H&R Block reported a smaller loss for the first quarter, driven by a four percent increase in revenues, partly offset by foreign currency fluctuations. The company announced a $3.5 billion stock buyback, and its shares gained 7% in after-hours trade... About nine-tenths of the world's sea birds are likely to have consumed pieces of plastic which continue to remain in their guts, a study shows.
comments powered by Disqus
RELATED NEWS
Trade AA now with 
Follow RTT