Alcoa Slips To Loss In Q4 - Quick Facts

(RTTNews) - Alcoa Inc. (AA) Thursday reported fourth-quarter net loss attributable to the company of $2.3 billion or $2.19 per share, compared with a net income of $242 million or $0.21 per share last year.

Excluding items, adjusted earnings for the quarter were $40 million or $0.04 per share, compared with $64 million or $0.06 per share a year ago. On average, 17 analysts polled by Thomson Reuters estimated earnings of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were declined to $5.59 billion from $5.90 billion in the prior year, while nine analysts had a consensus revenue estimate of $5.38 billion.

Looking ahead to the full year 2014, the company expects global aluminum demand growth of 7 percent.