What Alcoa’s earnings mean for the stock market
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Posted On: 10/08/2012 6:20:41 PM
What Alcoa’s earnings mean for the stock market
SAN FRANCISCO (MarketWatch) — Question: If Alcoa misses Wall Street’s profit target is that a troubling sign for the rest of corporate America and the stock market, which has yet to take a haircut despite declining profit expectations for the third quarter?
Shortly after 4 p.m. EST Tuesday, the big aluminum (NYSE:AA) maker unofficially kicks off another earnings season.
The Dow 30 component is expected to break even on an earnings-per-share basis. Sales are forecast at $5.56 billion, according to FactSet. http://www.marketwatch.com/story/what-alcoas-...=afterbell
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