On Monday, in the course of current trade, Shares of Alcoa Inc (NYSE:AA), dropped -2.39%, and is now trading at $10.01.
Alcoa (AA), stated a third quarter profit as its value-add and upstream portfolios delivered solid results in the face of strong market and currency headwinds. Alcoa has been transforming by building its value-add portfolio for profitable growth and creating a globally competitive upstream business. The Company’s successful multi-year transformation will culminate with the launch of two Fortune 500 companies, one value-add focused and the other upstream focused, predictable in the second half of 2016.
Alcoa stated third quarter 2015 net income of $44 million, or $0.02 per share, counting $65 million in net unfavorable special items. Special items comprised restructuring-related costs to optimize the upstream portfolio and transaction costs, partially offset by gains on asset sales. Third quarter 2015 results compare to net income of $149 million, or $0.12 per share, in third quarter 2014.
Not Taking Into Account special items, third quarter 2015 net income was $109 million, or $0.07 per share, led by strong productivity gains and solid midstream and downstream profitability, offset by lower metal prices. The Midwest transaction price was down $641 per metric ton, or 27.2 percent, year-to-date through September 30, 2015. Third quarter 2015 results, not taking into account special items, compare to net income of $370 million, or $0.31 per share, in third quarter 2014.
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.
During an Afternoon trade, Shares of AT&T Inc. (NYSE:T), climbed 0.39%, and is now trading at $33.27.
AT&T is expanding the availability of U-verse with AT&T GigaPower to more residential and small business customers in Belton, Blue Springs, Grain Valley, Lee’s Summit and Raymore.
The new Internet service gives customers some of the fastest online speeds available anywhere. Customers can download 25 songs in less than 1 second, a TV show in 3 seconds or their favorite HD movie in less than 36 seconds.
U-verse with AT&T GigaPower offers Internet speeds up to 1 gigabit per second. It can improve the experience for customers when connecting to the cloud, doing a videoconference, streaming videos and music, playing online games and more.
GigaPower first launched in the Kansas City area in February. Locally, it also is available in parts of Independence and Kansas City, Mo., and parts of Fairway, Leawood, Lenexa, Mission Hills, Olathe, Overland Park, Prairie Village and Shawnee, Kan., and surrounding areas.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Finally, Applied Materials, Inc. (NASDAQ:AMAT), lost -0.83% Monday.
Applied Materials, unveiled two new systems that enable the volume production of high-resolution, thin and lightweight flexible OLED displays for mobile products and TVs. The Applied AKT-20K(TM) TFE PECVD* and Applied AKT-40K(TM) TFE PECVD tools deliver breakthroughs in materials engineering to deposit thin-film encapsulation barrier layers that are crucial for protecting extremely sensitive OLED devices. These systems allow display makers to replace the rigid insulating front glass on the devices and bring to market bendable and curved displays for a new generation of consumer products.
The vibrant color and low power consumption of OLED displays have driven their rapid adoption in smart phones, with flexible OLED now the fastest growing display segment in the mobile industry. The new TFE systems (20K for 925 x 1500mm and 40K for 1250 x 2200mm) address different display market segments to meet the growing demand for more versatile, thinner and lighter small- and large-area flexible OLEDs.
“The advances in size, resolution, picture quality and form factor creates considerable market opportunities for display makers to bring new flexible products to market,” said Dr. Brian Shieh, vice president and general manager of Applied`s Display Products Group. “Flexible OLEDs must be robust enough to meet the real-life demands of consumers, and the Applied AKT-20K TFE system, already in production, allows panel makers to accelerate the introduction of flexible and curved mobile applications that will change the shape of the screens we use every day.”
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
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