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Alcoa Beats Earnings Expectations But Falls Short on Revenues

For years, Alcoa marked the unofficial start of earnings season, built on its longstanding membership in the DJIA. Last September, though, the company was deemed no longer representative of the U.S. economy and was kicked out of the Dow. Analysts expected Alcoa to return $.05 cents a share on $5.55 billion in revenues but the company did somewhat better, earning $.09 cents a share, but only made $5.45 billion in revenues. Investors were looking closely for Alcoa to keep the previous rebound alive.