Alcoa reports rise in quarterly profit

04/8/2013 | Reuters

Alcoa reported quarterly net income of $149 million, compared with net income of $94 million for the same period last year. However, analysts say a drop in aluminum prices signals plentiful supply and low demand. "Aluminum prices are now down around $1,900 a ton," said Bridget Freas, an analyst at Morningstar. "It's very difficult for the company to make any meaningful improvement in their earnings around that level."

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