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Kaiser Aluminum 1st-qtr beats Street estimates
Thursday, Apr 26, 2012
Kaiser Aluminum Corp's first-quarter results beat analysts' expectations, driven by higher volume and improved pricing.
January-March profit rose to $27 million, or $1.38 per share, from $11 million, or 57 cents per share, a year ago.
Excluding items, the company earned $1.09 cents per share.
Net sales rose 34 percent to $365 million.
Analysts had expected the company to earn 75 cents per share, on revenue of $352.9 million, according to Thomson Reuters I/B/E/S.
Shares of the Foothill Ranch, California-based company, which has a market value of $922.4 million, closed at $49.20 on Wednesday on the Nasdaq.
 
Courtesy: Worldal.com

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