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Sapient Corp. Message Board

  • econ_recovering2009 econ_recovering2009 Oct 8, 2009 8:25 AM Flag

    ***4Q REPORTS BEAT FCST...FUTURES UP

    Service ISM 80% economy and Mfg ISM above 50...First company report beat topline and bottomline...Load up SAPE while you can...


    Alcoa posts surprise 3rd-quarter profit of $77M; forecasts higher global aluminum demand

    By Daniel Lovering, AP Manufacturing Writer
    6:10 pm EDT, Wednesday October 7, 2009

    PITTSBURGH (AP) -- Painful cost-cutting and rising sales to automakers helped America's largest aluminum producer return to profitability for the first time in nine months.

    Alcoa Inc. on Wednesday also forecast an 11 percent increase in worldwide aluminum demand for the rest of the year. The lightweight metal is used in everything from airplanes to cars to houses.

 
SAPE
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