Alcoa profit falls nearly 4% while sales rise

4:30 pm ET Jul 9, 2007

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Alcoa profit falls nearly 4% while sales rise

SAN FRANCISCO
Alcoa Inc. said late Monday earnings slipped in the second quarter,
pinched by curtailment costs at two smelters and an ongoing bid for
Alcan Inc., while revenue climbed on higher aluminum prices and
volumes.

Market Snapshot: U.S. stocks gain, Dow nears record, ahead of earnings

NEW YORK
U.S. stocks finished higher on Monday, sending the Dow Jones Industrial
Average near a new record close, with investors expecting that
second-quarter earnings will top lowered expectations, starting with
Alcoa Inc.