Alcoa Posts 1Q Loss On Smelter, Mill Shutdowns - Presented by: The Aol. On Network

Alcoa Inc. lost $178 million in the first quarter and revenue was disappointing, but profit beat expectations after excluding charges to idle capacity at aluminum smelters and mills. The company said Tuesday that without the write-downs it would have earned 9 cents per share on revenue of $5.45 billion. FactSet says that analysts were expecting the company to earn 5 cents per share after items, and revenue of $5.57 billion.



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