Alcoa: Q4 Earnings Snapshot

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PITTSBURGH (AP) _ Alcoa Corp. (AA) on Wednesday reported a loss of $392 million in its fourth quarter.

The Pittsburgh-based company said it had a loss of $2.11 per share. Earnings, adjusted for one-time gains and costs, came to $2.50 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.

The bauxite, alumina and aluminum products company posted revenue of $3.34 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $3.29 billion.

For the year, the company reported net income of $429 million, or $2.26 per share, swinging to a profit in the period. Revenue was reported as $12.15 billion.

Alcoa shares have risen slightly since the beginning of the year, while the S&P's 500 index has increased 21%. In the final minutes of trading on Wednesday, shares hit $59.63, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AA at https://www.zacks.com/ap/AA