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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 RTTNews Staff Writer

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