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Alcoa's earnings disappoint Add to ...

U.S. aluminum giant Alcoa Inc. kicked off the fourth-quarter earnings-reporting season with a negative note, announcing quarterly results that fell short of market expectations.

Shortly after the closing bell, the Pittsburgh-based company reported a fourth-quarter profit from continuing operations, excluding one-time restructuring and other charges, of 1 cent (U.S.) a share. Analysts surveyed by both Bloomberg and Thomson Reuters had a consensus estimate of 6 cents a share.

Including the charges, the company lost 27 cents a share in the quarter.

 

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