Aluminum producer Alcoa posts quarterly loss on pension charge 4:32pm EDT [Reuters]
Alcoa Corporation (AA)
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Source: Reuters
Aluminum producer Alcoa posts quarterly loss on pension charge | Reuters 1 Min Read (Reuters) - Top U.S. aluminum producer Alcoa Corp ( AA.N ) reported a quarterly loss on Wednesday, compared with a profit a year earlier, largely due to a charge related to the transfer of its pension liabilities. Net loss attributable to Alcoa was $41 million, or 22 cents per share, in the third quarter ended Sept. 30, compared with a profit of $113 million, or 60 cents per share, a year earlier. The results include a charge of $160 million mainly due to a non-cash charge from the transfer of its U.S. pension and postemployment benefits (OPEB) obligations. Revenue rose 14.4 percent to $3.39 billion. Reporting by Sanjana Shivdas in Bengaluru; Editing by Sriraj Kalluvila All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Aluminum producer Alcoa posts quarterly loss on pension charge (Reuters) - Top U.S. aluminu
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