Alcoa (AA) PT Trimmed to $12 at UBS Post Q4; Keeps 'Buy'
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Alcoa Reports Fourth Quarter 2015 and Full-Year Results
January 11, 2016 4:03 PM ESTValue-Add delivers solid results and Upstream profitable, overcoming lower alumina and aluminum prices
Portfolio strengthened ahead of separation
4Q 2015 Results
Net loss of $500 million, or $0.39 per share;excluding-special items, net income of $65 million, or $0.04 per share Revenue of $5.2 billion, 7 percent revenue increase year-over-year from aerospace and acquisitions more than offset by a 25 percent decrease from lower alumina and aluminum prices, divestitures and closures Value-Add businesses: $3.3 billion of revenue, after-tax operating income of $215 million and adjusted EBITDA of $448 million... More
