Alcoa profit cut in half as aluminum prices fall

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October 8, 2008

Alcoa profit cut in half as aluminum prices fall October 7th, 2008 SAN FRANCISCO (MarketWatch) — Aluminum giant Alcoa Inc. on Tuesday reported a third-quarter profit of $268 million, or 33 cents a share, down from $555 million, or 63 cents a share, a year ago when the company benefited from an asset sale. The most recent results include an after-tax charge of 4 cents a share relating to the curtailment of a smelter in Texas. Revenue fell to $7.23 billion from $7.39 billion a year ago. Analy
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