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Alcoa Beats Forecasts

Stock quotes in this article: AA  

Alcoa (AA Quote) posted stronger-than-expected fourth-quarter earnings as revenue jumped 20%.

The aluminum giant said Tuesday that its profit rose to $359 million, or 41 cents a share, from $224 million, or 26 cents a share, a year earlier.

Excluding charges, earnings were 74 cents a share, beating Thomson First Call's average analyst estimate by 9 cents. The charges included impairments and restructuring costs related to recent job cuts, as well as the formation of a new joint venture. ...

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