Alcoa ($AA) reported Wednesday it posted a Q4 adjusted loss of $0.70 per share, compared with earnings of $2.50 per share a year earlier. Sales for the quarter ended Dec. 31 were $2.66 billion, down from $3.34 billion a year earlier.
$AA is currently down (-4.8%) in AH trading.
Discover Financial ($DFS) reported quarterly earnings of $3.77 per share which beat the analyst consensus estimate of $3.66 by 3.01 percent. Discover anticipates a rise in net charge-offs between 3.5%-3.9% in 2023, versus expectations of 2.8%.
$DFS is currently down (-6.15%) in AH trading.
Kinder Morgan ($KMI) came out with quarterly earnings of $0.31 per share. Revenue for the quarter that ended Dec. 31 was $4.58 billion, up from $4.43 billion a year ago.
$KMI is currently up slightly (+0.33%) in AH trading.
The will be a lot of posting on tech earnings starting with Netflix tomorrow after close. I do think these are 3 pretty big companies that reported that are often overlooked here. For transparency. of the 3 stocks reporting, I do own a couple hundred shares of Kinder Morgan.
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