Alcoa Q1 Profit Tops Estimate; Revenue Falls Short

(RTTNews) - Alcoa Inc. (AA) reported net income for the first quarter of $195 million or $0.14 per share, compared to a net loss of $178 million or $0.16 per share for the year-ago quarter.

Excluding special items, adjusted net income for the first quarter was $363 million or $0.28 per share, compared to $98 million or $0.09 per share in the prior year quarter.

Revenues for the first quarter rose 7% to $5.82 billion from $5.45 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.26 per share on revenue of $5.94 billion for the first quarter. Analysts' estimates typically exclude special items.