Alcoa Inc. (NYSE: AA), the largest U.S. aluminum manufacturer, reported better-than-expected second quarter earnings Monday as auto and aerospace orders rose in the the second quarter's first major earnings report.
New York-based Alcoa lost $2 million, down from a profit of $322 million last year. Excluding one-time charges, the company had a profit of six cents per share, beating a Bloomberg forecast of five cents. Sales decreased to $5.96 billion from $6.59 billion in the prior year, but beat a Bloomberg forecast of $5.81 billion
Shares of Alcoa rose one cent to $8.77 in after market's close after gaining three cents during market hours.