The Traderszone Network

Published in TZ Latest News 8 October, 2014 by The TZ Newswire Staff

Alcoa kicks off Q3 earnings season with solid beat

Aluminum producer Alcoa Inc reported a rise in third-quarter profit on Wednesday due to higher aluminum prices and premiums although it recorded restructuring charges on a smelter closure. Excluding the impact of special items, Alcoa’s earnings were $370 million, or 31 cents a share for the three months ended September. Alcoa traditionally has been the first S&P 500 company to report quarterly results.