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AAA  Jul. 9, 2013
It’s earnings season
By TREVOR DELANEY
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Alcoa posted better-than-expected results after the market closed Monday. As the first company in the Dow Jones industrial average to report second-quarter earnings, its release marks the traditional start of earnings season.

Yet its results don’t really have any predictive value, according to an analysis by FactSet. Over the past four years, the S&P 500's performance has had little correlation to whether Alcoa beat or fell short of analysts' estimates.

Associated Press
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