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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

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Live-streaming video platform Twitch said it will launch a new affiliate program for non-partnered streamers that will allow them to earn money as they broadcast on the platform. This will be similar to YouTube's Partner program and is part of Twitch's efforts to broaden its appeal. Chocolate company Hershey Co. said it will increase the visibility of nutrition information and portion options of its snacks as well as reduce the sweets' calorie count. The move is part of the company's ongoing efforts to offer a broad range of snacks and clear information in response to feedback from consumers, who are shifting to healthier foods. The Coca-Cola Company (KO) reported a profit for the first-quarter of 2017 that declined 20 percent from the prior year. Net revenues declined 11%, reflecting unfavorable impacts from structural changes of 10% and foreign currency of 1%. The company remains on track to deliver its underlying revenue and profit targets for the full year.
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