Alcoa Beats, Provides Shaky 2012 Forecast
Its official, earnings season has begun and Alcoa (AA) has kicked things off with their report after the bell yesterday. AA was able to top estimates by showing a net loss of $143 million. “Excluding legal and environmental remediation costs, it had per- share profit of 3 cents” writes Sonja Elmquist of Bloomberg. Analysts had been expecting the company to break even or to show EPS of 0.01 depending on which sources you conglomerate [for more aluminum news and analysis subscribe to our free newsletter].
Earnings Sneak Peek: Alcoa (AA)
Alcoa Inc is one of the biggest names in the commodity world as it is the world’s third largest producer of aluminum. The company has also gained a fair amount of attention being that it is often synonymous with the start of earnings season. Each quarter Alcoa is one of the first major companies to report their earnings, and today marks the results from Q3 2012 [for more aluminum news and analysis subscribe to our free newsletter].
Complete List Of New 2011 Commodity ETFs
This year saw a surge in popularity for commodity investing. As the years have passed, investors have seen the benefits of investing in the risky, but lucrative asset class. Commodities provide a protection against inflation as well as a low correlation to equities. One of the biggest problems within the industry was the lack of options available to investors just a few years ago. It used to be that only those with a complex futures account were able to add these securities to their portfolios. Now, there are hundreds of products to help even the smallest investor gain access to their favorite commodity investment. Below, we outline all of the commodity exchange traded products that hit the market this year [see also 12 High-Yielding Commodities For 2012].
