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Alcoa Inc. (AA) Climbed On Stronger Than Expected Q1 Results

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Alcoa Inc. (AA: Quote) reported first quarter adjusted income from continuing operations of $0.10 after the close Tuesday, which topped the consensus estimate of a loss of $0.04.

Alcoa gapped open higher Wednesday morning, but was range-bound throughout the session. The stock closed up by 0.58 at $9.90, with volume at a 6-month high. Alcoa rose to nearly a one-week high and finished just below its 50-day moving average.

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by RTT Staff Writer

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