Alcoa (AA) 'Beat' The Estimates

Yeah 'they' beat the estimates: Alcoa beats estimates in Q3

• NEW YORK: Alcoa Inc’s third-quarter profit beat Wall Street estimates and the largest US aluminum producer increased its outlook for global aluminum demand, sending its shares up more than 3%.
  
  Alcoa raised its 2010 global aluminum consumption growth forecast to 13% from 12%, noting growing demand from countries such as China, Brazil, India and Russia.
  
  In its third-quarter earnings release, Alcoa said net income was US$61mil, or 6 US cents per share, compared with US$77mil, or 8 US cents per share, in the same quarter last year, citing a drop in the price of aluminum and a weaker dollar. — Reuters

Beat estimates eh?

Previous year same quarter, AA made 8 cents per share.

Last quarter in July 2010? A Look At Alcoa's Earnings: How Good Was It?

• Alcoa kicked off the second-quarter earnings season after the market close Monday and said that its profits came in at 13 cents a share, which beat analyst estimates by a penny. Revenue rose to US$5.2 billion, also above estimates

Yeah in Q2, Alcoa did 13 cents!

In short, 2009 Q3, AA did 8 sen. 2010 Q2 AA did 13 sen. 2010 Q3 AA did 6 sen.

So how good is it when the media and the street boldly declares the fact that Alcoa beat the estimates?

Doncha just love Wall Strreeeeet!

huhu!