The Extent of AA's Miss

Here's the full article from the WSJ


Here's a few excerpts:


"Alcoa reported third-quarter earnings of 15 cents a share, well shy of market forecasts of 22 cents."


"Remember, analysts have been gouging their estimates for this quarter’s earnings repeatedly, down from 38 cents a share in April to 22 cents just before the report."


So, from $.38 a share, reduced to $.22 and they come in 32% lower, not a good start to earnings season, especially for a bellwether like AA, which is seen as a barometer of economic activity.


Maybe this is why the Dow looked so bad on 3C?


The DIA is trading below today's range bound market, all of the other averages are trading lower. Considering the charts, it does make you pause, no?


AA is down over 4.5% on heavy volume in After Hours trade.