Aluminum fabricator Alcoa (NYSE: AA), New York, NY, reported sales for the third quarter of $5.8 billion, steady compared to the year-ago period, despite a 3 percent sequential and 7 percent year-over-year decline in the London Metal Exchange (LME) cash price of aluminum. Profit of $24 million compared to a net loss of $119 million in third quarter 2012.
For the first nine months, sales were $17.4 billion, a 2 percent decrease compared to the same period a year ago. Profit was $66 million, compared to a year-ago loss of $95 million.