NEW YORK (AP) ? Alcoa Inc. is reporting a fourth-quarter net loss as a slower global economy hurt aluminum demand in industries ranging from construction and packaging to automobiles.
The New York manufacturing giant said Monday that its net loss was $191 million, or 18 cents a share, in the October-to-December quarter. That compares with net income of $258 million, or 24 cents a share, a year ago.
The most recent quarter included $185 million in one-time charges. Excluding those, the company's net loss was $34 million, or 3 cents a share.
Revenue rose to $6 billion from $5.65 billion.
Analysts surveyed by FactSet estimated a loss of 2 cents per share on revenue of $5.72 billion.
Alcoa released its results after the markets closed. Shares rose 27 cents to end at $9.43.
Associated Pressfamu famu martina mcbride terry jones andy reid elf on the shelf elf on the shelf
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