Posted AT 6:22 PM EDT on 08/07/08
Alcoa profit tops forecasts
NWE YORK — —
Aluminum producer Alcoa Inc. Tuesday posted a better-than-expected quarterly profit, lifting its shares, as higher aluminum prices and sales volumes offset increased costs.
Net earnings were $546-million (U.S.), or 66 cents a share, compared with $715-million, or 81 cents, in the same quarter last year, the company said.
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