Alcoa Rises on Revenue Beat
Alcoa (AA) rose about 0.5% after beating analysts’ revenue expectations The aluminum giant posted 6 cents of EPS, in line with expectations. Revenue of $5.96 billion beat expectations for $5.82 billion. The company reaffirmed expectations that there will be a deficit of aluminum supply in 2012, but global demand will grow 7%. Low aluminum prices [...]
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