Alcoa (AA - Get Report) tumbled in after-hours trading Tuesday after the aluminum company posted third-quarter earnings that were short of Wall Street's expectations. The company earned $537 million, or 61 cents a share, compared with $289 million, or 33 cents a share, a year ago. Revenue increased 19% from a year ago to $7.6 billion. Analysts polled by Thomson First Call were looking for earnings of 79 cents a share on revenue of $7.68 billion. Shares were trading down $1.99, or about 7%, to $26.30.ECC Capital (ECR) soared after the Irvine, Calif.-based REIT said Bear Stearns Residential Mortgage, a subsidiary of Bear Stearns (BSC), agreed to buy the subprime mortgage origination platform of ECC Capital's subsidiary, Encore Credit, for about $26 million in cash and the assumption of certain lease liabilities.
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