Alcoa Down Slighty After Q1 Results

Aluminum-maker Alcoa AA released its fiscal first-quarter earnings results on Monday after the closing bell, kicking off earnings season. In the after hours trading session, the stock was down around 0.60 percent to $8.34 at last check. Alcoa rose almost 2 percent to $8.39 during regular trading hours on Monday ahead of the report. The company reported earnings of $149 million or $0.13 per share, compared to $94 million or $0.09 per share, in last year's corresponding quarter. On an adjusted basis, earnings were $121 million or $0.11 per share. This compared to Wall Street analysts' consensus earnings per share estimates of $0.08. Revenue in the quarter totaled $5.89 billion, a 3 percent decline versus the $6.01 billion that the company reported last year. This was in-line with analysts' consensus revenue estimates of $5.89 billion.