Summary
Alcoa Inc. said Monday it lost $277 million in the fourth quarter because of higher energy costs and currency costs, missing analysts' estimates.
The aluminum producer's loss of 28 cents a share was significantly less than the fourth quarter of 2008, when it reported a loss of $1.19 billion, or $1.49 a share. Fourth-quarter sales fell to $5.43 billion, down 4.5 percent from a year ago.See the full content of this document
Extract
Alcoa Reports 'Disappointing' $277 Million Fourth Quarter Loss
For the year, Alcoa had a net loss of $1.09 billion, or $1.23 a share, compared to a profit of $147 million, or 10 cents a share...
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