Alcoa reported a Q4 2009 loss of $277 million loss, on lower sales and higher costs. Losses narrowed from a year ago when they were $1.2 billion dollars.
Pro forma operating profits were 1 cent, missing analysts estimates of a 6 cent profit, and begging the question of HTF can you report a per share profit on a quarter billion dollar loss? The analyst and accounting industries should hang their head in shame, and reach for a wakizashi to perform Seppuku, being the only honorable thing to do after the great shame brought upon their houses.
US futures dropped after the miss, and have weakened this morning:
Alcoa Drops After Quarterly Earnings Trail Estimates
Bloomberg, Jan. 12 2010
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.