Alcoa (AA) is up 60% from its 52-week low, and rallied strongly into today’s close, moving up another 2%.
But Alcoa announced second quarter 2007 income from continuing operations of $716 million, or $0.81 per diluted share. Revenues for the quarter reached an all-time quarterly record of $8.1 billion, up from $7.9 billion in the first quarter of 2007 and $7.8 billion from a year ago.
Research firms that cover Alcoa (AA) had an average EPS forecast of 81 cents for Q2 according to Thomson Financial. Analysts polled by Thomson Financial had forecast revenue to rise to $8.34 billion.
The company also extended the expiration date of its offer to buy Alcan (AL) until August 10.
Alcoa’s shares did little and were down less than 1% after hours.
All in all, there is little in the numbers that should have any impact on the merger dance that now includes metal companies Alcoa, Alcan, BHP Billiton (BHP), and Rio Tinto (RTP).
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