Alcoa Inc (NYSE:AA) is likely to post a modest third-quarter profit, but Wall Street will key in on the aluminum giant’s forecast to see if surging metal prices will send its earnings soaring in the year’s final quarter.
Alcoa Inc (NYSE:AA) is likely to post a modest third-quarter profit, but Wall Street will key in on the aluminum giant’s forecast to see if surging metal prices will send its earnings soaring in the year’s final quarter.
The press release is quoted as saying:
The weak U.S. dollar against the Australian dollar and Brazilian real is expected to be a drag on earnings because it raises Alcoa’s raw material costs. While Alcoa shares have bounced higher, they have not kept up with the rising metal price over the past six months.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1796.71 | -10.16 | |
Silver | 19.91 | -0.35 | |
Copper | 3.58 | -0.13 | |
Palladium | 1914.50 | -7.50 | |
Platinum | 891.00 | -6.00 | |
Oil | 105.37 | -0.39 | |
Heating Oil | 3.86 | +0.03 | |
Natural Gas | 5.68 | +0.26 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.