09.04.2015 - Alcoa reported for the first quarter
Share price of aluminum giant Alcoa fell yesterday after the publication of the quarterly reports. Publication of the financial results of the company is the unofficial start of the corporate reporting season in the US. The company is currently focused on expanding operations in production of components for the automotive industry, where the added value is much higher than in traditional aluminum production. The company earned $ 195 million, against 178 million in the same period of the last year. Revenue rose by 6.7% to 5.82 billion dollars. Analysts were expecting revenue growth to 5.94 billion. Our medium-term outlook is positive and we expect the share price growth of the company by 25-27% per year.