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New York, NY -- (SBWIRE) -- 04/09/2013 -- StockRunway.com issues special report on the Trader’s Watch List – Alcoa Inc (NYSE:AA), AZZ Incorporated (NYSE:AZZ)
The New York-based Alcoa Inc (NYSE:AA), traditionally the first company to announce earnings in Dow Jones Industrial Average, announced on Monday that fiscal Q1 earnings surpassed Wall Street estimates as demand from airplane and car makers hiked.
Alcoa, the biggest United States aluminum producer, announced in a statement that net income moved up to $149 million or 13 cents per share, from $94 million or 9 cents per share in a year ago. Earnings were 11 cents per share without an income-tax benefit and other one-time items, surpassing the 8 cent per share average of 18 estimates gathered by Bloomberg.
Can Investors Bet on AA after this News update? Find out in this Research Report
Shares of Alcoa plunged in after-hours trading session as the company also announced sales that failed to meet forecasts. Alcoa announced revenue fell due to lower aluminum prices and the impact of smelter curtailments in Spain and Italy.
The Fort Worth, Texas based AZZ Incorporated (NYSE:AZZ) on Monday announced a higher fiscal Q4 profit as net sales hiked 14%, lifted by growth across its units.
The corporation also boosted its earnings and revenue guidance for fiscal year 2014 to show acquisition of Aquilex SRO.Electrical equipment maker in February decided to purchase Aquilex Specialty Repair and Overhaul, LLC from Aquilex Holdings LLC for $250 million in cash.
Is AZZ a Solid Investment at These Levels? Read This Report For Details
Net income for three months period hiked to $13.23 million or $0.52 a share from $11.64 million or $0.46 a share in the same period a year ago. EPS for three months period was $0.50 a sharewithout non-recurring items.Thomson Reuters 5 analyst’ssurvey on average forecasted EPS of $0.48 for three months period.
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