Alcoa Corp. shares dropped in the extended session Wednesday after the aluminum producer’s quarterly results fell short of Wall Street estimates. Alcoa shares dropped 5.4% to $53.89 after hours. The company reported a fourth-quarter loss of $196 million, or $1.06 a share, compared with a loss of $125 million, or 68 cents a share, in the year-ago period. Adjusted earnings were $1.04 a share. Revenue rose to $3.17 billion from $2.54 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $1.23 a share on revenue of $3.28 billion.
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