Alcoa Inc. Q2 Income Declines 15%

(RTTNews) - Alcoa Inc. (AA) reported earnings for second quarter that declined compared to the same period last year.

The company said its profit declined to $213 million, or $0.15 per share. This was lower than $250 million, or $0.19 per share, in last year's second quarter.

Analysts had expected the company to earn $0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.2% to $5.30 billion. This was down from $5.90 billion last year.

Alcoa Inc. earnings at a glance:

-Earnings (Q2): $213 Mln. vs. $250 Mln. last year. -Earnings Decline (Y-o-Y): -14.8% -EPS (Q2): $0.15 vs. $0.19 last year. -EPS Decline (Y-o-Y): -21.1% -Analysts Estimate: $0.10 -Revenue (Q2): $5.30 Bln vs. $5.90 Bln last year. -Revenue Change (Y-o-Y): -10.2%