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Alcoa Corp. Q4 Loss Decreases, beats estimates

Alcoa Corp. (AA) revealed Loss for its fourth quarter that increased from last year and missed the Street estimates.

The company's earnings came in at -$392 million, or -$2.11 per share. This compares with -$4 million, or -$0.02 per share, in last year's fourth quarter.

Excluding items, Alcoa Corp. reported adjusted earnings of $475 million or $2.50 per share for the period.

Analysts on average had expected the company to earn $1.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 39.7% to $3.34 billion from $2.39 billion last year.

Alcoa Corp. earnings at a glance (GAAP) :

-Earnings (Q4): -$392 Mln. vs. -$4 Mln. last year.
-EPS (Q4): -$2.11 vs. -$0.02 last year.
-Analyst Estimate: $1.96
-Revenue (Q4): $3.34 Bln vs. $2.39 Bln last year.

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