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UPDATE: Alcoa Q3 Revenue Down 9.1%

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Alcoa (NYSE: AA) posted a loss in the third quarter loss.

Alcoa posted a quarterly loss of $143 million, or $0.13 per share, versus a year-ago profit of $172 million, or $0.15 per share. Excluding special items, Alcoa earned $0.03 per share.

Its revenue fell 9.1% to $5.83 billion. However, analysts were expecting earnings of $0.01 per share on revenue of $5.54 billion.

Alcoa's total costs and expenses for the quarter declined 1.6%.

Alcoa shares dropped 0.99% to $9.04 in after-hours trading.

Posted-In: lossEarnings News

 

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