Alcoa Corp. Q3 Loss Decreases, but misses estimates

(RTTNews) - Alcoa Corp. (AA) announced Loss for third quarter that decreased from last year and beat the Street estimates.

The company's earnings totaled -$168 million, or -$0.94 per share. This compares with -$746 million, or -$4.17 per share, in last year's third quarter.

Excluding items, Alcoa Corp. reported adjusted earnings of -$202 million or -$1.14 per share for the period.

Analysts on average had expected the company to earn -$1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.8% to $2.60 billion from $2.85 billion last year.

Alcoa Corp. earnings at a glance (GAAP) :

-Earnings (Q3): -$168 Mln. vs. -$746 Mln. last year. -EPS (Q3): -$0.94 vs. -$4.17 last year. -Analyst Estimates: -$1.02 -Revenue (Q3): $2.60 Bln vs. $2.85 Bln last year.