Costs eat into Alcoa's profits in third quarter
Oct 11, 2005 | 02:40 PM
| Rory Carroll
Lower realized aluminum prices and higher energy and raw material costs hit Alcoa Inc., Pittsburgh, in the third quarter as the world's largest aluminum producer reported relatively flat earnings despite a 12.9-percent increase in sales to $6.57 billion compared with the same period last year.
Net income in the quarter totaled $289 million, up 2.1 percent from a year earlier but down 37.2 percent from the second quarter of this year.....
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