Alcoa Inc., the largest U.S. aluminum producer, reported profit that topped analysts’ estimates as aluminum prices rose.
Earnings excluding certain items were 10 cents a share, exceeding the 9-cent average estimate of 17 analysts surveyed by Bloomberg. The net loss of $201 million, or 20 cents a share, narrowed from a net loss of $497 million, or 61 cents, a year earlier, New York-based Alcoa said today in a statement. Sales rose 18 percent to $4.89 billion.
http://www.bloomberg.com/?b=0
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