Is Alcoa the worse among DOW 30 except C & GM?
Alcoa Swings to Loss, Misses Expectations
-cnbc
Alcoa, which is slashing 15,000 jobs, halving capital spending and selling four businesses, swung to a loss in its most recent quarter, and fell short of analysts' expectations amid a historic decline in metal prices.
The aluminum producer reported a loss of 28 cents a share in the fourth quarter, excluding one-time items. In the same period last year, Alcoa reported earnings of 36 cents a share.
A consensus estimate compiled by Thomson Reuters forecast a loss of 10 cents a share for the quarter.
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