Alcoa Posts Fourth-Quarter Profit on Cost Cuts-Shanghai Metals Market

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Alcoa Posts Fourth-Quarter Profit on Cost Cuts

Industry News 10:23:53AM Jan 09, 2013 Source:SMM

Jan 8 (Reuters) - Alcoa Inc reported a fourth-quarter profit on Tuesday as cost cuts helped offset a drop in aluminum prices.

For the fourth quarter, the company reported net income of $242 million, or 2 1 cents per share, compared with a net loss of $191 million, or 18 cents per share, in the year-ago period.

Sales fell 1.5 percent to $5.89 billion.

The Pittsburgh-based company expected global aluminum demand to rise 7 percent in 2013.
 

Key Words:  Alcoa   Q4 profits 

Alcoa Posts Fourth-Quarter Profit on Cost Cuts

Industry News 10:23:53AM Jan 09, 2013 Source:SMM

Jan 8 (Reuters) - Alcoa Inc reported a fourth-quarter profit on Tuesday as cost cuts helped offset a drop in aluminum prices.

For the fourth quarter, the company reported net income of $242 million, or 2 1 cents per share, compared with a net loss of $191 million, or 18 cents per share, in the year-ago period.

Sales fell 1.5 percent to $5.89 billion.

The Pittsburgh-based company expected global aluminum demand to rise 7 percent in 2013.
 

Key Words:  Alcoa   Q4 profits