Alcoa beats by $0.05, beats on revs; reaffirms 2013 forecast for 7% aluminum demand growth: Reports Q3 (Sep) earnings of $0.11 per share, excluding non-recurring items, $0.05 better than
the Capital IQ Consensus Estimate of $0.06; revenues fell 1.2%
year/year to $5.76 bln vs the $5.66 bln consensus. Results were led by
continued strength in Engineered Products and Solutions and Global
Rolled Products, despite traditional third quarter weakness. Global
Primary Products overcame falling metal prices and lower premiums to
deliver significant performance improvement through productivity gains.
Earnings are tracked here.
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