Alcoa Corporation (AA) fell -12.39% to $20.01. Alcoa cautioned that higher spending for the quarter could weigh on its earnings. However, the U.S. aluminum giant exceeded consensus in the fiscal fourth quarter, reporting earnings per share of 26 cents on an adjusted basis, compared to 15 cents of industry consensus and 31 cents of loss per share a year ago. The quarter’s sales were $2.39 billion, equivalent to $2.44 billion the year before and $2.35 billion by consensus. Compared to a forecast of $348 million, EBITDA was $361 million.
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Baker Hughes Company (BKR) fell -1.49% to $22.55. For the quarter ended, Baker Hughes posted an unexplained adjusted loss, but sales met projections. For the fourth quarter, a combined net income of $653 million or 91 cents per share is posted by the oil services company, compared to $48 million for the same time last year. However, except for products, the company posted a negative adjusted EPS of 7 cents, relative to the previous year’s positive EPS of 27 cents and the FactSet consensus of 17 cents. Year-on-year, sales dropped 13 percent to $5.5 billion.
Amazon.com, Inc. (AMZN) was up +1.34% to $3306.99. The U.S. e-commerce giant plans to help the current Biden administration deliver vaccinations against Covid-19. Dave Clark, Amazon’s CEO for global customer activities, has sent a letter to the incoming president, according to CNBC. As a result, by using its activities, technology, and networking skills, Amazon says it is happy to assist the current administration in its immunization efforts.
Clark said that Amazon is happy to help you meet the target of immunizing 100 million Americans in the first 100 days of your presidency. The group of Jeff Bezos should not neglect its own people, as it has already signed a deal with a healthcare company to prescribe vaccines to workers at its locations.
Intel Corporation (INTC) rose to $62.46, up +6.46 percent in anticipation of better quarterly results the pioneer in microprocessors has to release after Wall Street close on Thursday.
