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Alcoa moves to 2Q profit, cites improved demand that offset lower prices

Post Time:Jul 13,2010Classify:Industry NewsView:97

Alcoa Inc. [Pittsburgh,] said Monday [July 12]it posted a second-quarter profit as it sold more aluminum in the commercial vehicles, packaging and construction markets.The Pittsburgh manufacturing giant reported net income of $136 million, or 13 cents share, for the quarter ending June 30. That compared with a loss of $454 million, or 47 cents a share, a year ago.Revenue rose to $5.19 billion from $4.24 billion, according to a July 12 APreport in the Chicago Tribune.

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