Al­coa swings to a profit amid ris­ing de­mand for alu­minum

Austin American-Statesman - - BUSINESS -

DEN­VER — Al­coa Inc. re­ported a sec­ondquar­ter profit af­ter sell­ing 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 that ended June 30. That com­pares with a loss of $454 mil­lion, or 47 cents a share, a year ear­lier.

Rev­enue rose to $5.19 bil­lion from $4.24 bil­lion.

Al­coa is one of the first com­pa­nies to re­port quar­terly earn­ings. Its per­for­mance can pro­vide some in­sight into de­vel­op­ing eco­nomic trends be­cause of its var­ied cus­tomer base.

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