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Ahead of the Bell: Alcoa to report 1Q earnings

July 11, 2011

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NEW YORK—Alcoa Inc. should offer more clues about the pace of the economy when it releases second-quarter results Monday after the markets close.

The aluminum manufacturer is expected to post a profit.

Alcoa can provide some insight into the broader economy because its products are used in a variety of industries from aerospace and automobile manufacturing to beverage cans.

Analysts expect Alcoa to report an improvement in sales in part because of higher aluminum prices. Some of the gains likely will be offset by higher raw-materials and energy costs.

Analysts surveyed by FactSet forecast second-quarter earnings of 33 cents a share on sales of $6.28 billion. That compares with net income of $136 million, or 13 cents share on sales of $5.19 billion a year ago.

In premarket trading, shares of the Pittsburgh company shed 13 cents to $16.25.