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Second quarter earnings preview

Corporate earnings are the main driver of stock prices. Alcoa Aluminum kicked off the second quarter earnings season with a bang by reporting earnings of $0.18 per share. Revenue was $5.84 billion. The forecast was for earnings of $0.12 with revenue of $5.66 billion, so they beat their estimates handily. That brings up a good question and one that I’ve wondered about from time to time. In the financial press, …Read More