Alcoa Beats Street Consensus, Shares Take A Beating Anyway (AA)

After reporting strong earnings and beating Street consensus on almost all counts, shares of Aluminum producer Alcoa

are nevertheless slightly lower in after-hours trading. The most common explanation is that the earnings were already anticipated and, therefore, priced into the shares prior to today's announcement. At last check shares of Alcoa were trading at $16.26, 1% lower than the close today.