0
SAN FRANCISCO (MarketWatch) -- Alcoa Inc. /quotes/comstock/13*!aa/quotes/nls/aa (AA 17.42, -0.03, -0.17%) , aided by improving aluminum prices and lower corporate costs, reported a smaller fourth-quarter loss Monday afternoon. Net loss was $277 million, or 28 cents a share. In the year-earlier quarter, Alcoa lost $1.2 billion, or $1.49 a share, when aluminum prices and demand collapsed. Sales fell 4% to $5.4 billion. Excluding charges, Alcoa said it earned 7 cents a share. Analysts had forecast 5 cents a share on sales of $4.9 billion, according to FactSet Research. Sales have now ticked higher for three straight quarters. Alcoa shares closed up 2.5% at $17.45.
http://www.marketwatch.com/story/alcoa-posts-narrower-loss-improving-sales-2010-01-11?siteid=yhoof2
http://www.marketwatch.com/story/alcoa-posts-narrower-loss-improving-sales-2010-01-11?siteid=yhoof2
