SOURCE: Industrial Info Resources

Industrial Info Resources

January 13, 2010 05:00 ET

Alcoa Sees Silver Lining in Weak Fourth Quarter Earnings Report, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 13, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Aluminum maker Alcoa Incorporated (NYSE:AA) (Pittsburgh, Pennsylvania) posted a fourth quarter 2010 net income loss of $277 million, or $0.28 per share. The loss was considerably lower than the fourth quarter of 2008, which saw a loss of $1.19 billion, or $1.49 a share. The company cites net charges for restructuring, special items and tax items that total $275 million. When these charges are excluded, Alcoa saw its second consecutive profitable quarter.

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