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.
Investors Worry Over Suspected Lagging First Quarter Earnings
22percent
Q1 earnings: Strong...
Premium Members Get EVEN MORE VALUE
Subscribe to Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha