The Traderszone Network

Published in TZ Latest News 8 October, 2014 by The TZ Newswire Staff

Alcoa earnings beat forecasts, propelled by higher aluminum prices

In an interview, Alcoa Chief Executive Klaus Kleinfeld said the “upstream” raw materials business had its best quarter since the 2008 economic slump. The aluminum company traditionally has been one of the first S&P 500 companies to report quarterly results, and some see it as a bellwether for the broader U.S. Alcoa’s stock rose 2 percent in after-hours trading to $16.42. It is up 50 percent this year, outperforming the market and aluminum prices.