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Tuesday 12 July 2011

Alcoa, Inc. Earnings: Margins Expand For Fifth Straight Quarter .

NEW YORK - (BUSINESS WIRE) - Alcoa (NYSE: AA) of the second quarter 2011 earnings from continuing operations rose by 138 percent a year ago on revenue growth, record quarterly sales of alumina and record average performance and below, the company announced today.
 

Income from continuing operations was $ 326 million for the second quarter of 2011, or $ 0.28 shares each. Adjusted for the negative impact of special items of $ 38,000,000, net income from continuing operations was U.S. $ 364 million or $ 0.32 per share.

Second quarter 2011 income from continuing operations increased 138 percent versus the second quarter 2010 revenues of $ 137 million or $ 0.13 per share, and 6 percent for first quarter 2011 sales of 309 million, or $ 0.27 per share.

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