Alcoa Q2 Profit Misses Estimate

(RTTNews) - U.S. aluminum producer Alcoa, Inc. (AA) today reported net income for the second quarter of $140 million or $0.10 per share, compared to $138 million or $0.12 per share for the year-ago quarter.

Excluding special items, adjusted net income for the second quarter was $250 million or $0.19 per share, compared to $216 million or $0.18 per share in the prior year quarter.

Sales for the second quarter rose 1% to $5.90 billion from $5.84 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $5.79 billion for the second quarter. Analysts' estimates typically exclude special items.

Alcoa continues to project robust global aluminum demand growth of 6.5% in 2015.