* Alcoa Corp. lost $30.6 million in...
- Share via
* Alcoa Corp. lost $30.6 million in the second quarter after recording a $104.7-million after-tax charge to cover severance costs and to pay off high-interest debt, the company announced Monday.
The loss for the quarter ended June 30 came to 37 cents per share. Without the charge, the world’s largest aluminum producer would have had earnings of $74.1 million, or 85 cents per share.
In the same period a year ago, the company earned $81.2 million, or 95 cents per share. Sales in the quarter were $2.45 billion, versus $2.60 billion a year earlier.
The company said earlier this month that it will eliminate 2,100 jobs, or about 3% of its work force, by the end of the year.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
