Alcoa Shares Dip Despite Profit Rise

Summary


Shares of Alcoa Inc. fell Tuesday, a day after the aluminum producer's second quarter sales missed Wall Street estimates and it predicted business would slow in the third quarter.

The projection overshadowed Alcoa's robust second quarter as a surge in aluminum prices combined with strong demand from airplane makers and construction trades to lift profits more than 60 percent.

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Alcoa Shares Dip Despite Profit Rise

Alcoa's stock fell $1.30, or 3.9 percent, to $32.11 in early trading on the New York Stock Exchange. T...

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