Alcoa more than doubles profit
Results build on 'robust' transport, aerospace demand
By Jim Jelter, MarketWatch
Last Update: 5:53 PM ET Apr 10, 2006
SAN FRANCISCO (MarketWatch) -- Global aluminum giant Alcoa Inc. said late Monday that first-quarter profit more than doubled, bolstered by a 16% jump in sales in a market driven by strong demand from the commercial transportation and aerospace sectors.
The report easily outpaced analysts' expectations, triggering a 5.7% surge in the company's share prices to a high of $34.70 in brisk after-hours trade.
Alcoa hadn't traded at such lofty levels since December 2004.
For the three months ended March 31, Pittsburgh-based Alcoa (AA :
alcoa inc com
Read the rest at: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B9B50516F%2D4612%2D44A6%2DB102%2D5E4888C069DF%7D&siteid=myyahoo&dist=myyahoo
By Jim Jelter, MarketWatch
Last Update: 5:53 PM ET Apr 10, 2006
SAN FRANCISCO (MarketWatch) -- Global aluminum giant Alcoa Inc. said late Monday that first-quarter profit more than doubled, bolstered by a 16% jump in sales in a market driven by strong demand from the commercial transportation and aerospace sectors.
The report easily outpaced analysts' expectations, triggering a 5.7% surge in the company's share prices to a high of $34.70 in brisk after-hours trade.
Alcoa hadn't traded at such lofty levels since December 2004.
For the three months ended March 31, Pittsburgh-based Alcoa (AA :
alcoa inc com
Read the rest at: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B9B50516F%2D4612%2D44A6%2DB102%2D5E4888C069DF%7D&siteid=myyahoo&dist=myyahoo
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