Radar Movers: Alcoa Starts Earnings Season, Clearwire Receives DISH Offer

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Shares of Alcoa (NYSE:AA) jumped more than 1.5 percent in late afternoon trading. The aluminum giant reported financial results for the fourth quarter. Net income increased to $242 million (21 cents per diluted share), compared to a net loss of $191 million a year earlier. “Alcoa hit record profitability in our mid and downstream businesses, and continued to drive efficiency in our upstream businesses in the fourth quarter, all while cutting debt and maintaining our cash position,” said Klaus Kleinfeld, Alcoa Chairman and CEO.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business