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    Unofficially kicking off US reporting season dual listed Alcoa Inc (ASX:AAI, NYSE:AA) has beaten earnings expectations.  
     
    The aluminium giant says its surge in third quarter profits come as its repositioning continues accelerating.  
     
    Alcoa posted earnings per share of $US0.31, excluding certain items, on revenue of $US6.2 billion. 
     
    Chairman and CEO Klaus Kleinfeld says the quarter is a clear data point that Alcoa’s transformation is delivering. 
     
    Looking ahead the company has confirmed it expects global aluminium demand to grow 7 per cent this year. 
     
    Alcoa reported a net loss of $72.18 million in the first half of the 2014 calendar year.
 
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Last
$46.93
Change
0.210(0.45%)
Mkt cap ! $2.922B
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