(RTTNews.com) – Alcoa Inc. released earnings for first quarter that decreased compared to the same period last year.
The company said its bottom line declined to $108 million, or $0.07 per share. This was lower than $363 million, or $0.28 per share, in last year’s first quarter.
Analysts had expected the company to earn $0.02 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.