12.04.2016 - Alcoa has shown weak results for the 1st quarter
Aluminum giant Alcoa has launched a corporate reporting season in the US. The company's revenue decreased by 15% to 4.9 billion and profit was only 16 million dollars against 195 million dollars during the same period last year. The company worsened its forecast for growth in the aerospace market from 8% to 6%, but forecasts growth in global demand for aluminum, by 5% and supply growth of only 2%. Despite the weak financial results, we expect growth in the company's shares by 10-15% in the medium term.