Alcoa reports bigger quarterly loss
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An Alcoa aluminum plant in Alcoa, Tennessee, U.S. is seen in this April 8, 2014 file photo REUTERS/Wade Payne/File Photo
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
EPS Growth %: +448.7%
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(Reuters) - Aluminum producer Alcoa Corp (NYSE: AA) reported a bigger quarterly loss on Wednesday, hurt by the closure and divestiture of some smelting assets.
The net loss attributable to Alcoa widened to $196 million, or $1.06 per share, in the fourth quarter ended Dec. 31, from $125 million, or $0.68 per share, a year earlier.
Revenue rose 25.1 percent to $3.17 billion.
(Reporting by Arunima Banerjee in Bengaluru; Editing by Maju Samuel)
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