Alcoa Kicks Off Corporate Earnings Season

Alcoa Inc., the largest aluminum company in the United States, reported quarterly earnings that slightly exceeded Wall Street analysts’ expectations on Monday after the closing bell.

An Indian woman works at the aluminum wheel-laying section of the OREVA E Bike manufacturing facility near Samakhiali, India, on May 24. Sam Panthaky/AFP/GettyImages

NEW YORK—Alcoa Inc., the largest aluminum company in the United States, reported quarterly earnings that slightly exceeded Wall Street analysts’ expectations on Monday after the closing bell.

Alcoa is the first major company to report on its second-quarter earnings, kicking off an earnings season that could give investors clues as to how the U.S. economy is faring.

The Pittsburgh-based company reported a loss of $2 million from continuing operations, including special one-time items of $63 million. That comes to a break-even $0.00 in earnings per share. 

Without one-time items, profits were $61 million, or $0.06 per common share. The per-share results were 81 percent below the same quarter in 2011, when the company had a net income of $322 million, or $0.28 per share.