Alcoa (NYSE:AA) reported quarterly earnings of $2.05 per share which beat the analyst consensus estimate of $1.79 by 14.53 percent. This is a 275.21 percent increase over losses of $(1.17) per share from the same period last year. The company reported quarterly sales of $3.11 billion which beat the analyst consensus estimate of $2.93 billion by 6.11 percent. This is a 31.46 percent increase over sales of $2.37 billion the same period last year.
Midway through trading Friday, the Dow traded up 0.33% to 34,747.45 while the NASDAQ rose 0.50% to 14,594.85. The S&P also rose, gaining 0.47% to 4,340.12.