Alcoa Beats 1Q Profit Forecasts but Revenue Falls Short

April 8, 2015 10:27 PM

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Alcoa Inc. posted a first-quarter profit that beat Wall Street expectations but its revenue fell short as it continues to transform itself into a supplier for the auto and aerospace industries.

Alcoa was helped by aluminum prices that were 10 percent higher than a year ago, although down from the fourth quarter of 2014. It said growth was mostly driven by its autos and aerospace business.

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