Sign up USA
Proactive Investors - Run By Investors For Investors

Alcoa Corp, Plexus Corp, Apple and PTC, Bitcoin - AFTER HOURS

Proactive takes a look at what happened after the bell in New York
Alcoa Corp, Plexus Corp, Apple and PTC, Bitcoin - AFTER HOURS
Alcoa, the aluminium maker, was in focus after the bell.

US stocks closed higher on Wednesday, with the Dow Jones enjoying its best day in seven weeks, closing 322 points higher.

Conversely, after the bell, aluminum giant Alcoa Corp (NYSE:AA) sank 5.43% to US$53.90 as it posted earnings and revenue that missed analyst expectations.

The adjusted fourth-quarter earnings rose but profit missed analysts’ estimates amid higher costs for energy and raw materials and unfavorable movements in exchange rates.

The company also issued weaker than anticipated guidance for global demand growth, projecting 4.25 to 5.25% growth in 2018, versus consensus of 5.25% growth in 2017.

 

Elsewhere, PTC Inc (NASDAQ:PTC), the software and services group, added 7.72% to US$71.85 in extended hours. It reported first quarter earnings of US$0.31 a share on revenues of US$307mln - trumping Wall Street estimates.

In other news, Plexus Corp (NASDAQ:PLXS)  plunged 7.71% after the bell as the market didn't take too kindly to the electronic components and systems maker's first quarter results.

President and chief executive Todd Kelsey blamed weaker than expected earnings on the tax reform, citing US$125mln in tax expenses.

Last but not least, tech titan Apple (NASDAQ:AAPL) gained 0.33% after the bell to US$179.69 after it said it would award eligible employees US$2,500 in stock-based compensation.

In cryptocurrency news, Bitcoin is currently up 3.49% at US$11,775. After last night's close, it was at US$11,122, up US$605 on the day, after falling well below the US$10,000 mark at one point.

View full AA profile View Profile

Alcoa Timeline

Article
September 28 2015

Related Articles

1508431368_iplayco-wall.jpg
November 19 2017
When finalised, Iplayco will own the IP rights to the Play Mart and Play Planet brands, as well as the Play Planet line of business. .

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use