Yesterday, after the market close, the first quarter earnings season officially kicked off with Alcoa releasing results for the quarter. Alcoa reported earnings per share of $0.14 on revenue of $5.82 billion. Analysts were looking for earnings per share of $0.26 on revenue of $5.94 billion. While Alcoa did report a profit, compared to loss in first quarter 2014, but results missed analysts’ expectations. Shares of Alcoa are down nearly -5% in early morning trading. With earnings season officially underway, many still believe that the first quarter 2015 earnings could provide some serious issues for the market.
Q1 earnings: Strong US Dollar and...
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