Alcoa Kicks Off Earnings Season With Improved Sales

Filed under: Earnings Reports, Alcoa Inc (AA)

Alcoa Inc. (AA) said Monday it turned a first-quarter profit on stronger sales at higher prices that were offset by a weaker dollar and higher costs for energy and raw materials.



Alcoa said business improved from a range of customers, including aerospace, automotive, commercial transportation and packaging industries. It marked the fourth consecutive quarterly profit for Alcoa as it pulled out of two difficult years hit by the recession.



The Pittsburgh aluminum manufacturer also expects business to continue to improve, reaffirming its forecast of a 12 percent increase in global aluminum demand this year.

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Alcoa Kicks Off Earnings Season With Improved Sales originally appeared on BloggingStocks on Mon, 11 Apr 2011 16:45:00 EST. Please see our terms for use of feeds.

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