Alcoa Inc (AA) Surprisingly Good Earnings May Not Be Ongoing Theme

Alcoa Inc (NYSE:AA) reported surprisingly good earnings yesterday afternoon after the market closed. The company’s stock shot up in aftermarket trading and opened this morning at $8.25 per share. The earnings results might not be as positive as the market believes, however, and a Deutsche Bank report calls the numbers a “once-off.” Alcoa revealed earnings of 11 cents per share on revenue of $5.77 billion. Analysts were expecting the company to earn just 5 cents per share on revenue of $5.7 billion by consensus. There were two major contributors to the earnings beat, according to the DB report, and neither…