Alcoa AA led off earnings season with a nice top and bottom-line beat. Revenue rose 22% year over year to $5.19 billion versus the $5.05 billion consensus. Earnings came in at 13 cents per share, a penny ahead of expectations.
In after hours trading shares of Alcoa jumped 3.5% to $11.27.
Other materials names are also moving higher after hours:
U.S. Steel X is up 0.8%.
Century Aluminum CENX is up 3.5%.
Freeport-McMoRan FCX is up 0.7%.
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