Reuters logo
Cost-cutting boosts Alcoa Q3 profit
October 11, 2016 / 11:57 AM / a year ago

Cost-cutting boosts Alcoa Q3 profit

Oct 11 (Reuters) - Metals company Alcoa Inc on Tuesday reported higher quarterly profit despite lower revenue, due to cost-cutting measures and lower income tax provisions.

The New York-based company reported net profit for the third quarter of $166 million, or 33 cents per share, up from $44 million, or 6 cents a year earlier.

Analysts, on average, expected earnings per share for the quarter of 35 cents. (Reporting by Nick Carey in Chicago; Editing by Jeffrey Benkoe)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below