Kaiser Aluminum Corporation (KALU) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $24.6 million, or $1.51 per share. This compares with $15.9 million, or $0.99 per share, in last year's first quarter.
Excluding items, Kaiser Aluminum Corporation reported adjusted earnings of $16.6 million or $1.02 per share for the period.
Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.7% to $737.5 million from $807.6 million last year.
Kaiser Aluminum Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $24.6 Mln. vs. $15.9 Mln. last year.
-EPS (Q1): $1.51 vs. $0.99 last year.
-Revenue (Q1): $737.5 Mln vs. $807.6 Mln last year.
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