Growth 'Across All Segments' in China
The aluminum maker reported first-quarter adjusted profit of $0.10 per share, surprising analysts who had predicted a loss of $0.04 on average. Revenue came in at $6 billion, also beating the consensus estimate of $5.77 billion. CEO Klaus Kleinfeld said there is "growth across all segments" in China. AA is up more than 5.5 percent on tradeMONSTER's extended-hours platform.
Travelzoo Soars on Reportof Possible Sale
The online travel agency, which competes with Expedia and Priceline, will put itself up for sale, according to a Reuters report. Sources say the company, whose shares have plummeted 75 percent since a disappointing earnings report last July, has been approached by private-equity firms. TZOO is up 30 percent in pre-market trading.
Mattress Firm Springs Higher on Quarter
The mattress retailer posted earnings of $0.56 per share on sales of $188.6 million for its fiscal fourth quarter, blowing away the consensus forecasts of $0.19 EPS and $177.2 million in revenues. The company, which went public in November, also said it was buying privately held rival Mattress Giant for $47 million in a deal projected to add earnings of $0.25 to $0.35 per share in fiscal 2014. This has left shareholders with sweet dreams as MFRM is up nearly 20 percent.
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