Alcoa: Q4 Earnings Snapshot

PITTSBURGH (AP) — PITTSBURGH (AP) — Alcoa Corp. (AA) on Wednesday reported a loss of $150 million in its fourth quarter.

On a per-share basis, the Pittsburgh-based company said it had a loss of 84 cents. Losses, adjusted for one-time gains and costs, were 56 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 99 cents per share.

The bauxite, alumina and aluminum products company posted revenue of $2.6 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.61 billion.

For the year, the company reported that its loss widened to $651 million, or $3.65 per share. Revenue was reported as $10.55 billion.

Alcoa shares have fallen 20% since the beginning of the year, while the S&P's 500 index has decreased almost 1%. In the final minutes of trading on Wednesday, shares hit $27.18, a fall of 50% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AA at https://www.zacks.com/ap/AA