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Alcoa (AA Quote) beat Wall Street's top- and bottom-line expectations for the second quarter late Wednesday, providing a hopeful sign in the unofficial kickoff to earnings season.
The Pittsburgh-based aluminum producer said it lost $454 million or 47 cents a share in the second quarter, vs. $546 million, or 66 cents a share a year earlier. The quarter marks Alcoa's third straight quarterly loss.
Excluding one-time restructuring charges, Alcoa lost 26 cents a share. Analysts polled by Thomson Financial had expected a loss of 38 cents a share. ...
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