Alcoa, Inc. (AA) reported a fourth quarter loss from continuing operations of $266 million or $0.27 per share, compared to a loss of $929 million or $1.16 per share in the prior year period. Loss for the period was $0.27 billion or $0.28 per share, compared to a loss of $1.19 billion or $1.49 per share in the year-ago period.
The company said the results for the quarter results include net charges for restructuring, special items and discrete tax items of $275 million or $0.28 per share.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share. Analysts' estimates typically exclude special items.
Revenues for the fourth quarter were $5.4 billion, compared to $5.7 billion in the same quarter last year. Seven Wall Street analysts expected revenues of $4.82 billion.
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