Alcoa earnings for Q3
– Q3 EPS misses estimates, in at 7c (vs. 13c)
– Revenues $5.57bn vs. $5.64bn expected
– Sees a global aluminium deficit for 2016
– Sees China 2015 automotive output up 1-2% (cuts from 5-8% previously expected)
Alcoa is sounding out some concerns with these comments … a reflection of the concerns over global growth we’ve been seeing build in past weeks and months.