Alcoa (AA Quote) spiked nearly 5% in after-hours trading Tuesday as the aluminum-products company powered past fourth-quarter Wall Street projections. Excluding restructuring and impairment charges, the Pittsburgh-based company said it earned $644 million, or 74 cents a share -- 179% more than it did a year ago -- on revenue that rose 20% to $7.8 billion.
Analysts polled by Thomson Financial were looking for 65 cents a share on revenue of $7.63 billion. The company also posted 2006 income of $2.5 billion, or $2.90 a share, which represents a 75% jump from last year. Shares were gaining $1.36 to $29.88.
Synchronoss Technologies (SNCR Quote) shares got a boost after the Bridgewater, N.J.-based software company announced that wireless giant Cingular will use its ActivationNow platform for order management related to Apple's (AAPL Quote) new iPhone product. Shares were trading up 75 cents, or 5.1%, to $15.52. ...
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