Alcoa back in the black amid stabilizing market
Apr 10, 2012 | 05:02 PM
| Suzy Waite
NEW YORK Alcoa Inc. kicked off the earnings season on a positive note, returning to the black in the first three months of the year after logging its first loss in nearly two years in the final quarter of 2011.
The Pittsburgh-based aluminum producer posted net income of $94 million in the first quarter of 2012, a significant turnaround from the $191-million net loss recorded in the fourth quarter of 2011 but still down 69.5 percent from the $308 million earned in the same quarter last year.....
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