Markets Close Higher Ahead of First Earnings Reports (AA, AMD, MSFT)

Wall Street reversed earlier losses on Monday to finish positive ahead of the beginning of earnings season this week. After the bell, Alcoa Inc. (AA) reported first-quarter earnings of 11 cents per share and revenue of $5.83 billion against estimates of 8 cents per share and $5.88 billion. Most analysts predict this to be a fairly weak earnings session, with earnings expected to rise by just 1.6% vs. 6.2% last quarter. Chip maker Advanced Micro Devices (AMD) jumped over 13% after Microsoft (MSFT) announced that the next Xbox gaming system would be using it's technology.

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Published on Apr 8, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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