Alcoa Misses

Alcoa, the first big company to report 3rd quarter earnings, but not normally a big market mover, missed earnings estimates and is trading down 5% in after hours trading.

Alcoa Earnings Fall Short But Revenue Tops Forecasts

Funny how that works, sales and profits were up, and the CEO expects 12% increase next year, but they didn't pay the dividends that "Wall Street Expected." But they did pay dividends, 15 cents compared to the expected 22 cents.

It might be down afterhours but I am thinking once people see the company made more money and sales went up, it'll come back. Heck, if it drops more I am feeling like Birch, I might have to buy a few shares myself to hold onto. :)
 
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