After first-quarter sales results fell short of estimates, shares of America’s largest aluminum producer, Alcoa Inc., dropped by 3.5 percent. The $.62 cent reduction in share price left the company at $17.15 per share and the close of trading today.
While they were short of analyst predctions of $6.06 billion, Alcoa did increase their sales by 22 percent over last year with a total of $5.96 billion. First-quarter 2011 net income was $308 million (27 cents a share).The company cited the weaker U.S. dollar, and higher energy and raw-material costs for the short-fall.
Alcoa, which operates in 31 countries world-wide, still anticipates that global aluminum demand will grow by 12 percent this year. “Our outlook for the rest of 2011 and beyond remains very positive,” Chief Executive Officer Klaus Kleinfeld said in the statement.
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</div>When it comes to quality control testing and the development of new products, Botanical Reference Materials (BRMs), also known as Herbal References are critically important. To help companies ultimately obtain all-important FDA approval, the Food and Drug Administration provides in its guidance a recommendation that […]<!-- AddThis Sharing Buttons below -->
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</div>A number of industries have, at their core, a need to frequent or even continuous analysis of biological media. These include the medical and pharmaceutical fields, biotech firms, and food and chemical companies. To maintain quality standards and develop new products, these industries rely heavily […]<!-- AddThis Sharing Buttons below -->
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</div>Industrial drum mixers are normally applied to blend mixes of varying viscosities such as adhesive slurries or cement. Some of these mixers have the capability of blending mixes of very different particle sizes such as fruit and ice cream, and gravel and cement slurry. The […]<!-- AddThis Sharing Buttons below -->
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