(RTTNews) - Kaiser Aluminum Corp. (KALU) shares are gaining more than 12 percent on Thursday morning trade after the company reported a swing to profit for the third quarter compared to loss last year.
The company reported third-quarter profit of $3 million or $0.16 per share compared to loss of $2 million or $0.14 per share in the previous year.
Net sales for the quarter declined to $749 million compared to $751 million a year ago.
Currently, shares are at $75.16, up 12.21 percent from the previous close of $66.98 million on a volume of 145,123.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
