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Alcoa on Tuesday got the earnings season off to a disappointing start. The aluminum producer reported third-quarter net income that fell far short of expectations, as concern about the global economy pushed down prices for the metal by 12 percent in the period from July through September.
Alcoa Inc.’s net income totaled $172 million, or 15 cents a share, for the quarter. That was better than year-earlier net income of $61 million, or 6 cents a share, but weaker than both the second-quarter numbers and analysts’ forecasts. Revenue rose 21 percent to $6.42 billion.
Denver Post staff and wire reports
