Alcoa Corp recovered from the morning loss of 10% and traded up 5.5% to $39.69 after the aluminum maker reported unexpected quarterly loss, reflecting restructuring and pension charges..
Third quarter revenue declined to $2.85 billion from $3.1 billion a year ago.
The company swung to a loss of $746 million from a net income of $337 million and diluted loss per share was $4.17 from income of $1.76 a year ago.
Alumina prices sourced from third parties increased 16% and average price…