Alcoa's quarterly profit plunges

Mon Jul 9, 2012 4:14pm EDT
 
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(Reuters) - Aluminum producer Alcoa Inc reported a second-quarter net loss on Monday as the price of the metal slumped to near two-year lows.

It lost $2 million, or nil cents per share, compared with a profit of $322 million, or 28 cents per share, in the same quarter last year.

(Reporting by Steve James; Editing by Steve Orlofsky)

 
People leave the Alcoa Business Services Center in Pittsburgh, Pennsylvania February 13, 2007. REUTERS/Jason Cohn