[R]4:30PM New York – Alcoa reports 5% jump in earnings from the first quarter or 4.8% fall from a year ago.[/R]

After-the-close of regular trading, Alcoa reported second quarter earnings of 81 cents of $716 million, 5% increase from the first quarter and 4.8% decline from 85 cents a year ago. The analysts had estimated company to report between 75 cents and 85 cents in the quarter on a revenue growth of 4.5%.

Revenues for the quarter reached an all-time quarterly record of $8.1 billion, up from $7.9 billion in the first quarter of 2007 and $7.8 billion from a year ago. The increase was driven by higher volumes and improved mix.

Cash flow from operations jumped to $1.35 billion, a jump from $800 million in the first quarter. Debt to capital ratio for the company at the end of second quarter was reported at 29.4% and trailing 12-month return on capital stood at 11.8% at the end of second quarter.

The company also said that it has extended its offer of $27 billion for Canadian rival Alcan till August 10th.

The stock of the company in the regular hours rose 70 cents to $42.36 but in the after-hours trading fell 51 cents to $41.85.