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UPDATE 1-Alcoa beats Street view, shares rise slightly

(Adds earnings, revenue details)

Oct 9 (Reuters) - Aluminum producer Alcoa Inc'sthird-quarter results beat Wall Street estimates as itsdownstream businesses offset weak aluminum prices and demand forthe metal.

Alcoa's stock rose 7 cents to $9.20 in after-hours tradingon the New York Stock Exchange.

The company posted a net loss of $143 million, or 13 centsper share, compared with a profit of $172 million, or 15 centsper share, in the same quarter last year, the Pittsburgh-basedcompany said on Tuesday.

But adjusted for $175 million of certain items, includingenvironmental remediation and the settlement of civillitigation, the company reported a profit of 3 cents per share.On that basis, it exceeded analyst estimates for a break-evenquarter, according to Thomson Reuters I/B/E/S.

Revenue fell 9 percent to $5.8 billion, as a result of a 17percent drop in aluminum prices from the same quarter a yearago, said Alcoa, which is traditionally the first S&P500 companyto report quarterly earnings.

(Reporting By Steve James; Editing by Bernard Orr)

((steve.james@thomsonreuters.com)(1-646-223-6013)(Reuters

Messaging: steve.james@thomsonreuters.com))

Keywords: ALCOA EARNINGS/