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Alcoa swings to profit, but revenue misses

2015-04-09 00:09:05| Industrial Machines - Topix.net

Alcoa Inc. swung to first-quarter profit on revenue growth that mostly stemmed from strong volume in its divisions that make parts for the automotive and aerospace markets and a boost from stronger aluminum prices. Alcoa's earnings report unofficially marks the start of the first-quarter earnings reporting season, one that is expected to be weak as many U.S. companies get hit by effects from lower oil prices, imports and a stronger U.S. dollar.

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Category:Industrial Goods and Services

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