Investors Worry Over Suspected Lagging First Quarter Earnings22percent
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 . . .
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