The Traderszone Network

Published in TZ Latest News 8 October, 2015 by The TZ Newswire Staff

Do You See What Happens, Alcoa, When Your "Restructuring" Non-GAAP Addbacks Tumble

Moments ago, the company that traditionally kicks off earnings season did just that, and sent the ball into a throw in. The reason: just like all the other companies that have reported and pre-reported so far in the third quarter, its results were a huge miss: AA reported non-GAAP EPS of $0.07 missing expectations of $0.13, on revenues of $5.57 billion, a 10% drop Y/Y, also missing top-line estimates of $5.75.

And while the company did have some justifications for the collapse, blaming what else but China…

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