The market seemed to be holding its collective breath ahead of the unofficial start of the first-quarter earnings season. Dow component Alcoa (AA) lit the torch after the close in less-than-spectacular fashion – the aluminum producer's quarterly profit was more than halved to $303 million, or 37 cents a share, while revenue slipped from $7.9 billion to $7.4 billion. Excluding items, earnings totaled 44 cents per share.
after the close alcoa profit halves
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