Alcoa Q2 Adj. Profit Beats View - Quick Facts

(RTTNews) - Alcoa Inc. (AA) Monday reported a wider loss for the second quarter, hurt mainly by costs related to restructuring and legal issues. Excluding special items, earnings for the quarter came in ahead of analysts' estimates, as did revenues.

Alcoa reported second-quarter net loss of $119 million or $0.11 per share, compared to a loss of $2 million or breakeven per share last year.

Adjusted net income for the quarter was $76 million or $0.07 per share, up from adjusted profit of $61 million or $0.06 per share last year. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter dropped to $5.85 billion from $5.96 billion last year. Analysts estimated revenues of $5.83 billion for the quarter.