Kaiser Aluminum Corporation Q3 Profit Increases, But Misses Estimates

(RTTNews) - Kaiser Aluminum Corporation (KALU) announced a profit for its third quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at $12.0 million, or $0.74 per share. This compares with $5.4 million, or $0.34 per share, in last year's third quarter.

Excluding items, Kaiser Aluminum Corporation reported adjusted earnings of $0.51 per share for the period.

Analysts on average had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.6% to $747.7 million from $743.6 million last year.

Kaiser Aluminum Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $12.0 Mln. vs. $5.4 Mln. last year. -EPS (Q3): $0.74 vs. $0.34 last year. -Revenue (Q3): $747.7 Mln vs. $743.6 Mln last year.