ALCOA MISSES

*update* More signs of a ST top are showing up and chances are growing for a correction to the ongoing uptrend, IMHO


Alcoa Earnings Miss Forecasts; Sales Top Expectations
Published: Monday, 11 Jan 2010 4:34 PM ET

Alcoa reversed a loss from a year earlier, but still reported earnings that fell well short of Wall Street's estimates.

The aluminum giant said after markets closed Monday that it earned 1 cent a share excluding one-time items in the fourth quarter, compared with a loss of 28 cents a share in the fourth quarter of 2008.
Sales for the most recent quarter hit $5.43 billion, down from $5.688 billion last year. **(note comparisons to last year should be EASY to beat, yet still DOWN from same last year.....but stock had nearly quadrupled....economy revived? or falling more slowly?)

Analysts who follow Alcoa expected it to report a profit of 6 cents a share on revenue of $4.817 billion, according to a consensus estimate compiled by Thomson Reuters.

Vix has fallen back to levels not seen since before the crisis.

D