Alcoa Inc. Announces 71% Decline In Q3 Earnings

(RTTNews) - Alcoa Inc. (AA) reported a profit for third quarter that fell from last year.

The company said its bottom line came in at $109 million, or $0.07 per share. This was down from $370 million, or $0.31 per share, in last year's third quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.7% to $5.57 billion. This was down from $6.24 billion last year.

Alcoa Inc. earnings at a glance:

-Earnings (Q3): $109 Mln. vs. $370 Mln. last year.
-Earnings Decline (Y-o-Y): -70.5%
-EPS (Q3): $0.07 vs. $0.31 last year.
-EPS Decline (Y-o-Y): -77.4%
-Analysts Estimate: $0.14
-Revenue (Q3): $5.57 Bln vs. $6.24 Bln last year.
-Revenue Change (Y-o-Y): -10.7%