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Manufacturing company Alcoa Inc (ASX:AAI) posted a profit of US$136 million for the three months to June 30, compared to a loss of US$454 million for the same time last year.
Revenue of US$5.2 billion rose 6% from the first quarter of 2010, primarily driven by higher volume.
The company's result beat analyst expectations for net income of 12 cents a share on revenue of US$5.05 billion.
Alcoa has also raised its global aluminium consumption forecast from 10 to 12% on improved end-market demand.
Alcoa reported a loss of $1.15 billion for the year ending 30 December 2009.
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Last
$47.94 |
Change
0.740(1.57%) |
Mkt cap ! $2.985B | |||
| Open | High | Low | Value | Volume |
| $47.32 | $48.11 | $47.24 | $66.31M | 1.392M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| AAI (ASX) Chart |