Aluminum maker Alcoa late Monday reported a fourth-quarter profit of $258 million, or 24 cents a share.
Sales rose 4% to $5.6 billion from last year's same period.
The results beat Wall Street's targets and marked Alcoa's highest quarterly sales and profit since the 2008 economic downturn.
Analysts polled by FactSet Research had expected Alcoa to earn 18 cents a share on $5.6 billion in sales. A year ago, Alcoa lost $277 million when aluminum prices and demand tanked.
Alcoa, seen as a bellwether for industrial stocks, said Monday global aluminum demand will likely double by 2020.
Alcoa shares are off to a bright start for the year. A
fter the first week of trading, the stock is up 7%, making it the second-best percentage gainer on the Dow Jones Industrial Average.
The stock closed at $16.49 ahead of its earnings release
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