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Alcoa with strong quarterly report

The company to produce aluminum Alcoa launched the reporting season of American Stock Exchange after the report submitted yesterday for the second quarter. It proved to be stronger than projected, and it creates positive expectations and other leading companies. In the second quarter of 2010 Alcoa managed to hit the profit of 136 million dollars, or 13 cents per share. For the same period last year was recorded a loss of 454 million dollars, or 47 cents a share, writes AP. The revenue the company did jump over 22 percent annually - from 4.24 billion dollars 5.19 billion dollars. An interesting detail of the report is fairly sharp drop in revenue from commercial construction sector in North America, as their share in total income fell from 27 to 23 per cent. These results exceeded analysts' expectations, which were for profit of 12 cents per share based on 5.05 billion revenue. This has led to increased Alcoa shares by 2,7 per cent in the hours trading after the official trading session in New York. The report of Alcoa was expected with great interest from the market because a company is the first index of U.S. blue-chip Dow Jones Industrial Average.
Hopes are that it can show what the mood in various sectors of the economy, since production of Alcoa is used in many areas - from the production of aluminum beverage containers to the production of airplanes. The results of Alcoa were published after the end of yesterday's trading session in the U.S.. Previously, the major indexes rose in New York minimum, as with the Dow Jones advanced 0.18 per cent.