Alcoa beats earnings expectations, shares jump (AA)

Earnings season is off to a good start.
Aluminum giant Alcoa on Monday reported second-quarter earnings and revenues that declined year-on-year but beat analysts' expectations after the closing bell.
Total alumina production and shipments were down in the second quarter from a year ago.
These were a drag on the company's bottom line, although they were offset by gains in other industries such as aerospace. 
The company reported $0.15 in adjusted earnings per share (EPS) and revenu