Alcoa's net loss widens on restructuring costs

Reuters

Alcoa Inc reported a larger second-quarter net loss on Monday, largely due to restructuring costs and a legacy legal matter.

The company said its net loss in the quarter ended June 30 was $119 million, or 11 cents per share. That compares with a loss of $2 million, or break-even per share, a year earlier.

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Excluding one-time items, the company reported earnings of $76 million, or 7 cents a share.

(Reporting by Euan Rocha. Editing by Andre Grenon)