Alcoa (NYSE:AA) Fiscal Fourth Quarter Results Outshine Market Forecasts

The New York-based Alcoa Inc (NYSE:AA) announced fiscal Q4 sales that surpassed analysts’ forecasts after the corporation sold the commodity at a higher-than- forecasted average price.

Alcoa, the biggest United States aluminum producer, reported sales moved down to $5.9 billion from $5.99 billion, surpassing the $5.6 billion median of 11 forecasts.

The world’s biggest aluminum producer reported net income of $242 million or 21 cents per share, evaluated against a loss of $191 million or 18 cents per share in previous year.

Profit without a gain on the sale of a power plant and other special items were 6 cents per share, matching the consensus forecasts of 20 analysts gathered by Bloomberg. Shares of Alcoa moved up 0.8% to $9.17 at 6:39 PM in New York after the finish of regular trading session.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Kaiser Aluminum Corp. (NASDAQ:KALU) rose +2.25% to settle at $63.65, Alumina Limited (ADR) (NYSE:AWC) moved up +3.53% to end at $4.11 while Noranda Aluminum Holding Corporation (NYSE:NOR) dropped -0.15% to finish at $6.66 on Tuesday.

Alcoa Inc. (NYSE:AA) on Jan 08, 2013 no change for the day to the closing price of $9.10. The overall volume in the last trading session was 34.08 million shares. Its fifty two weeks range was $7.97 – $10.92. The total market capitalization remained at $9.71 billion.

AA is ahead of its 52-week low with 15.04% and lagging behind from its 52-week high price with -15.80%. AA’s last month’s stock price volatility remained 1.84%. In its share capital AA has 1.07 billion outstanding shares, among them 1.07 billion shares have been floated in market exchange. AA’s stock’s institutional ownership remained 60.34% while insider ownership included 0.01%.

The stock price of AA is moving forward from its 20 days moving average with 4.08% and remote positively from 50 days moving average with 6.23%. AA’s current year’s earnings per share experienced an addition with 112.94% while its current quarter performance remained at 0.66%. Company’s beta coefficient included 2.08. Beta factors measure the amount of market risk associated with market trade.

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