NEW YORK ( TheStreet) -- Alcoa ( AA) has reported fourth-quarter earnings that beat analysts' expectations.
The company reported earnings of 21 cents a share on revenue of $5.65 billion. The Wall Street consensus was calling for Alcoa to report a profit of 20 cents a share for the fourth quarter, according to Thompson Reuters, with a range of between 16 cents and 30 cents. Analysts saw revenue coming in at $5.68 billion. A year ago, Alcoa earned a penny a share on revenue of $5.43 billion. Alcoa CEO Klaus Kleinfeld tells CNBC that he's seeing end-markets improving. For the coming period, he foresees that China demand will slow a bit, and that U.S. and Europe levels will be flat. However, emerging markets will accelerate in growth. "That makes us believe we will have another great year in aluminum growth." Alcoa says it's projecting global aluminum growth rate of 12% for 2011 and global demand for aluminum to double by 2020. Shares of Alcoa were up 0.4% to $16.48 in afterhours trading.
-- Written by Andrea Tse in New York. >To contact the writer of this article, click here: Andrea Tse. >To follow the writer on Twitter, go to Andrea Tse. >To submit a news tip, send an email to: email@example.com.