Movers: Alcoa, Men's Wearhouse, MBIA, Countrywide, Apollo Group
Alcoa (AA) reported fourth-quarter EPS jumped to 75 cents, from 41 cents a year ago, including a favorable restructuring adjustment and tax benefit totaling $323 million, or 38 cents per share, mostly stemming from the company's recent agreement to sell the packaging and consumer businesses. Revenue in the quarter fell to $7.39 billion from $7.84 billion last year, due to lower metal prices and the exclusion of results from a soft alloy extrusion business that is now part of a joint venture. Analysts estimates were EPS of 33 cents on $6.92 billion in revenue.
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