Alcoa reports bigger quarterly loss
Tweet
Share
E-mail
An Alcoa aluminum plant in Alcoa, Tennessee, U.S. is seen in this April 8, 2014 file photo REUTERS/Wade Payne/File Photo
Get Alerts AA Hot Sheet
Price: $68.77 -0.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
Revenue Growth %: +31.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
Revenue Growth %: +31.1%
Join SI Premium – FREE
(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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Buy the pullback in this aluminum stock: Morgan Stanley
- Nvidia pitches Vera CPU to Chinese clients with August delivery target
- Leerink highlights drug demand rebound after Memorial Day
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
