11.10.2016 - Report of Alcoa has led to the fall of shares
Aluminum giant Alcoa reported for the third quarter and opened the season of corporate reporting. Thus, net income rose to 166 million dollars compared to 44 million for the same period last year. At the same time, revenue fell to 5.21 billion dollars compared to 5.57 billion a year earlier. This report is the last before the separation into two companies. We forecast a drop in prices in the near future by 10-15%.