July 11, 2012 at 15:15 PM EDT
Another Look at Alcoa’s Earnings: ‘Severe Margin Pressures’
Alcoa (AA) stock got an initial bump after posting a mixed earnings report on Monday that met Street earnings expectations and beat revenue expectations. But the Street has been picking the report apart since then, and investors aren’t liking what they’re seeing. In short, the company’s margins are a mess in its upstream business (mining [...]
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