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Alcoa 2Q Earnings Beat Estimates

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  • Description

    FBN’s Robert Gray breaks down Alcoa’s second-quarter earnings results.

  • Duration 0:54
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I'm Robert -- with your Fox Business -- aluminum heavyweight Alcoa kicked off earnings season on -- high -- shares of the company have been moving higher in after hours trading little changed at the moment.

The company beat -- reduced expectations for both profit and revenue during its second quarter a call also reaffirmed its outlook on global demand growth.

-- chip equipment maker ASML is on the rise customer Intel is providing a cash injection for research and also take an equity stake in AS -- If -- SNL shareholders agreed to the plan the company will issue additional stock that Intel can buy it.

There was a bearish -- on Wall Street in the regular trading session stocks fell on investor concern ahead of earnings season and fresh worries about the European debt crisis.

At the closing bell the Dow is off 36 points at 12100736.

That is the latest from Fox Business you be muted -- power to prosper.

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