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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Higher Prices Boost Alcoa’s Earnings

From Staff And Wire Reports

Aluminum Co. of America said Friday its profits more than tripled in the third quarter, mostly due to higher prices.

Alcoa said profits totaled $226.4 million, or $1.27 a share, compared to $70.1 million, or 39 cents a share, in the same period of 1994.

The latest period included a $16.9 million after-tax charge related to an undisclosed number of layoffs, and a credit of $11.5 million for insurance settlements on environmental claims.