Alcoa Inc. Reveals 85% Retreat In Q4 Earnings

(RTTNews) - Alcoa Inc. (AA) reported a profit for fourth quarter that retreated compared to the same period last year.

The company said its profit fell to $65 million, or $0.04 per share. This was lower than $432 million, or $0.33 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 17.7% to $5.25 billion. This was down from $6.38 billion last year.

Alcoa Inc. earnings at a glance:

-Earnings (Q4): $65 Mln. vs. $432 Mln. last year. -Earnings Decline (Y-o-Y): -85.0% -EPS (Q4): $0.04 vs. $0.33 last year. -EPS Decline (Y-o-Y): -87.9% -Analysts Estimate: $0.02 -Revenue (Q4): $5.25 Bln vs. $6.38 Bln last year. -Revenue Change (Y-o-Y): -17.7%