Alcoa Inc.’s Q2 Revenue Tops Estimates (AA, PSMT, INTC, WDFC)
Alcoa Inc. (NYSE:AA) swung to a second-quarter net loss of $2 million owing to a drop in aluminium prices and a raft of charges. In last year’s same period, the company earned $322 million, or $0.28 a share. Quarterly revenue was $6 billion, down 9% from the same period last year. Excluding charges, The Company earned $0.06 a share. Analysts had expected$0.05 a share on $5.8 billion in revenue.
PriceSmart, Inc. (NASDAQ:PSMT) stock declined 6.42% to $59 in the pre-market session after the company posted third quarter net income of $15.7 million or $0.52 per share from $16.3 million or $0.55 per share in the same period last year. Total revenues for the quarter grew to $506.8 million from $431.1 million in the same quarter last year. Analysts expected earnings of $0.60 per share on revenues of $510.68 million for the quarter.
Intel Corporation (NASDAQ:INTC) stock fell 1.07% to $25.89 after the company is expected to spend more than $4 billion to buy up to 15% of ASML Holding NV. The company hopes to speed the adoption of the next generation of chip manufacturing processes from ASML by as much as two years. Intel will acquire an initial 10% stake in its European supplier and tack on another 5% if it wins shareholder approval, for a total of about $3.1 billion.
WD-40 Company (NASDAQ:WDFC) stock dropped 4.40% to $48.20 after the company reported third-quarter earnings of $9.1 million, or $0.57 a share, as compared to $8.1 million, or $0.47 a share for the same period in 2011. Sales increased to $87 million from $86 million in the same period a year ago.
Looking forward, the company restated its prior forecast of 2012 net sales of $353 million to $370 million, and earnings of $2.33 a share to $2.45.