On Wednesday, Shares of Alcoa Inc. (NYSE:AA), gained 2.94% to $10.16.
Alcoa declared a realignment of its downstream segment as the Company’s value-add portfolio expands. Alcoa’s downstream portfolio will become two segments, one with a core focus on aerospace, and the other centered on the construction and commercial wheels markets. The realignment supports Alcoa’s transformation strategy to build its value-add portfolio for greater profitability.
With Alcoa’s successful acquisition of RTI International Metals, Inc. (NYSE: RTI) recently, the recent acquisitions of Firth Rixson and TITAL, and other innovation-led organic growth investments, the Company continues to deepen its reach into the high-growth aerospace market. The Engineered Products and Solutions (EPS) segment, led by Group President Olivier Jarrault, has been streamlined to enable a core focus on Alcoa’s position as a premier aerospace partner. The EPS group will comprise business units that primarily cater to the aerospace market:
- Alcoa Titanium & Engineered Products, the designation for the newly attained RTI business
- Alcoa Fastening Systems & Rings, and Alcoa Forgings & Extrusions, into which the Firth Rixson business has been integrated, and
- Alcoa Power & Propulsion, which now comprises the TITAL business
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU), inclined 0.48% to $22.93, during its last trading session.
JetBlue Airways Corporation stated its results for the second quarter 2015:
- Operating income of $282 million in the second quarter. This compares to operating income of $141 million in the second quarter of 2014.
- Pre-tax income of $250 million in the second quarter. This compares to pre-tax income not taking into account special items1 of $103 million in the second quarter of 2014. On a GAAP basis, pre-tax income was $345 million in the second quarter of 2014, which comprised of the gain on sale of JetBlue’s wholly-owned partner LiveTV.
- Net income of $152 million, or $0.44 per diluted share. This compares to JetBlue’s second quarter 2014 net income not taking into account special items1 of $61 million, or $0.19 per diluted share. On a GAAP basis, JetBlue’s second quarter 2014 net income was $230 million, or $0.68 per diluted share.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, MetLife, Inc. (NYSE:MET), ended its last trade with 1.69% gain, and closed at $57.22.
MetLife stated the following results for the second quarter of 2015:
MetLife stated operating earnings of $1.8 billion, up 11 percent from the second quarter of 2014, and up 16 percent on a constant currency basis*. On a per share basis, operating earnings were $1.56, up 12 percent over the preceding year quarter. Operating earnings in the Americas grew 4 percent on a stated basis and 6 percent on a constant currency basis. Operating earnings in Asia raised 31 percent on a stated basis and were up 45 percent on a constant currency basis. Operating earnings in Europe, the Middle East and Africa (EMEA) reduced 31 percent on a stated basis and were down 7 percent on a constant currency basis.
Second quarter 2015 operating earnings comprised of the following item:
- a one-time tax rate change in Japan, which raised operating earnings by $61 million, or $0.05 per share, after tax
MetLife’s operating return on equity (ROE), not taking into account accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA)*, was 12.5 percent for the second quarter of 2015, and the company’s tangible operating ROE* was 15.3 percent.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
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