Kaiser: 1Q Earnings Snapshot

Kaiser: 1Q Earnings Snapshot

In this article:

FOOTHILL RANCH, Calif. (AP) _ Kaiser Aluminum Corp. (KALU) on Tuesday reported first-quarter earnings of $28 million.

The Foothill Ranch, California-based company said it had net income of $1.71 per share. Earnings, adjusted for non-recurring costs, were $1.85 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.

The aluminum products company posted revenue of $395.2 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $404.2 million.

Kaiser shares have increased 21 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $107.71, a rise of 5.5 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KALU at https://www.zacks.com/ap/KALU

Advertisement