Alcoa reports rise in quarterly profit

04/8/2013 | Reuters

Alcoa reported quarterly net income of $149 million, compared with net income of $94 million for the same period last year. However, analysts say a drop in aluminum prices signals plentiful supply and low demand. "Aluminum prices are now down around $1,900 a ton," said Bridget Freas, an analyst at Morningstar. "It's very difficult for the company to make any meaningful improvement in their earnings around that level."

View Full Article in:

Reuters

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Media Relations Manager
GLSEN
NY, NY
Executive Assistant
Out& Equal Workplace Advocates
San Francisco, CA
Contracts Manager
Hydra Electric Company
Burbank, CA
Executive Director
FreeState Legal Project
Baltimore, MD
Vice President Commercial Aerospace Sales & Marketing
Herndon Products, Inc.
Kent, WA