Kaiser Aluminum Slips Nearly 3%, Hurt by Lackluster Outlook

By
A A A

Kaiser Aluminum Corp. ( KALU ) is down 2.62% to $47.91 in extended hour trade.

Kaiser reported net income of $27 mln or $1.38 earnings per diluted share for 2012 Q1, compared with $11 mln or 57 cents earnings per diluted share for the prior year Q1. Revenue for the same period was $365 mln compared to $323 seen a year ago.

Analysts polled by Thomson Financial expected earnings of 75 cents on revenue of $352.94 mln on average.

The company anticipates its value added revenue and adjusted EBITDA in the second quarter will reflect a step change year-over-year, but at a level 5% - 10% less than in QQ1, due to service center inventory swings and to planned outages of certain equipment.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: KALU

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

17,119,504
  • $41.29 ▼ 2.43%
16,924,378
  • $42.029 ▼ 11.22%
15,552,356
  • $9.64 ▼ 9.06%
12,143,022
  • $14.3317 ▼ 10.37%
10,751,889
  • $48.6343 ▲ 8.15%
9,743,817
  • $118.65 ▼ 0.29%
9,413,786
  • $17.081 ▼ 0.17%
9,000,007
  • $26.695 ▼ 0.65%
As of 11/28/2014, 10:36 AM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com