Alcoa Q4 Results Trounce Estimates

(RTTNews) - Alcoa Inc. (AA) reported net income for the fourth quarter of $159 million, or $0.11 per share, compared to a net loss of $2.3 billion or $2.19 per share for the year-ago quarter.

Excluding special items, adjusted net income for the fourth quarter was $432 million or $0.33 per share, compared to $40 million or $0.04 per share in the prior year quarter.

Sales for the fourth quarter rose 14% to $6.38 billion from $5.59 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.25 per share on revenue of $5.99 billion for the fourth quarter. Analysts' estimates typically exclude special items.

Alcoa sees global aluminum demand growth of 7% in 2015, following 7% growth in 2014.