Wednesday, October 07, 2009

HERE WE GO WITH THE "BEAT EXPECTATIONS" GAME AGAIN!

NEW YORK *click link for complete cnn story (CNNMoney.com) --

Aluminum producer Alcoa Inc. posted on Wednesday a surprise profit and revenue that beat estimates for the third quarter.

Excluding one-time charges, Alcoa said it earned 4 cents per share. Analysts polled by Thomson Financial, which typically excludes one-time items from its estimates, had forecast a loss of 9 cents per share, versus earnings of 37 cents per share a year ago.

Alcoa's (AA, Fortune 500) net income fell 75.8% from a year ago to $77 million, or 8 cents per share.
Revenue fell 34.3% in the quarter to $4.6 billion, but still beat analyst forecasts of $4.55 billion.

WOW THANK goodness income ONLY FELL 75.8%!!!!!! haaaa

cripe what more can I say...

Duratek

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