Earnings Roundup: AA, MU, DRWI
Thursday, October 07, 2021 5:53 PM

Related Stories

Alcoa Inc. (NYSE: AA) reported Thursday that its third-quarter profit dropped 21%, hurt by lower London Metal Exchange prices and negative currency impacts. Net income declined to $61 million, or 6 cents per share, from $77 million, or 8 cents a share, in the year-ago quarter. On an adjusted basis, the company earned 9 cents per share in the latest quarter. Revenue climbed to $5.29 billion from $4.62 billion in the same quarter last year. Analysts, on average, expected a profit of 6 cents a share on revenue of $4.95 billion. Looking ahead, the company raised its forecast for global aluminum demand to 13% from 12%. Alcoa shares rallied more than 2% in after-hours trading.

Micron Technology (NASDAQ: MU) said late Thursday that it swung to a fiscal fourth-quarter profit of $342 million, or 32 cents a share, compared with a loss of $100 million, or 12 cents a share, in the year-earlier quarter. Revenue surged to $2.49 billion from $1.3 billion. Analysts, on average, expected the company to report earnings of 39 cents a share on revenue of $2.66 billion. Shares of the chipmaker fell more than 1% in extended trading.

DragonWave Inc (NASDAQ: DRWI) reported Thursday that its fiscal second-quarter net income fell to $1.2 million, or 3 cents per share, from  $5.7 million, or 19 cents per share, in the prior-year quarter. Revenue decreased to $27.2 million from $32.4 million. The company expects to report third quarter revenues of approximately $30 million. Looking ahead, the company said that it expects third-quarter revenue of around $30 million. DragonWave shares soared more than 5% in after-hours trading.

Disclosure: Author doesn't own any of the stocks discussed here.



Symbol :


Market news:

  • US lawmakers may vote on Armenian genocide measure Dec 18, 2021 04:03 AM

    • WASHINGTON - The House may vote next week on a measure that could damage U.S. relations with critical ally Turkey: a resolution declaring the World War I-era killings of Armenians a genocide.
    • House Democratic leaders had long set aside consideration of the draft resolution, and the measure was expected to expire as a new Republican-led House takes office next month.
    • House aides, speaking on condition of anonymity because they were not authorized to comment, said Friday that Democratic leaders have been discussing a possible vote with lawmakers.
      • Paris Vogue editor to leave after 10-year tenure Dec 18, 2021 03:56 AM

        • PARIS - Paris Vogue says its editor-in-chief, Carine Roitfeld, has decided to leave after a 10-year tenure in which the French fashion monthly became "a worldwide reference and indispensable magazine."
        • The magazine says on its Web site that Roitfeld's years as the top editor were marked by "constant growth" both in terms of circulation and advertising.
        • Xavier Romatet, the head of Conde Nast France, the French arm of the U.S. publishing house, said he "of course" regrets Roitfeld's decision to leave "even if I understand it."
          • James has triple-double, dominates again at MSG Dec 18, 2021 03:56 AM

            • NEW YORK - LeBron James always said he loved playing here.
            • James delivered another vintage performance at Madison Square Garden, scoring 32 points and finishing with his 30th career triple-double to help the Miami Heat beat the New York Knicks 113-91 for their 11th straight victory.
            • 6 jersey he hoped would belong to James - New York surged back to tie it at 57 at halftime.
              • $7.2B is recovered for Madoff's victims Dec 18, 2021 03:48 AM

                • NEW YORK - Many of Bernard Madoff's victims who thought they lost everything could get at least half their money back after the widow of a Florida philanthropist agreed Friday to return a staggering $7.2 billion that her husband reaped from the giant Ponzi scheme.
                • Picower was the single biggest beneficiary of Madoff's fraud.
                • He commended Picower's widow, Barbara, "for agreeing to turn over this truly staggering sum, which really was always other people's money."
                  • Congress rushes to finish bills before holidays Dec 18, 2021 03:48 AM

                    • WASHINGTON - Rushing to finish by Christmas, congressional Democrats worked Friday to secure Senate ratification of a new arms control treaty and to end the military's ban on openly gay service members as they neared the end of two tumultuous years of single-party government.
                    • Legislation to keep the federal government running until mid- to late February was also on the agenda, a matter for negotiations with emboldened Republicans who will take control of the House and add to their numbers in the Senate come January.
                    • He was looking for several more on his wish list - the arms control treaty and repeal of the military gay ban - to close out a politically tough year.

                      More news


    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
jomariXXXXX CVG$0.31
mrbilltraderXXXXX POT$1.59
sam farahanXXXXX TECD$0.95
adfgafg ERTS$0.48