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Kaiser Aluminum Corporation Reveals 16% Drop In Q3 Bottom Line

Thursday, Oct 19, 2017

  Kaiser Aluminum Corporation (KLUCQ.OB) revealed a profit for third quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $16 million, or $0.90 per share. This was lower than $19 million, or $1.02 per share, in last year's third quarter.

Analysts had expected the company to earn $1.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.7% to $333 million. This was up from $321 million last year.

Kaiser Aluminum Corporation earnings at a glance:

-Earnings (Q3): $16 Mln. vs. $19 Mln. last year.

-Earnings Decline (Y-o-Y): -15.8%

-EPS (Q3): $0.90 vs. $1.02 last year.

-EPS Decline (Y-o-Y): -11.8%

-Analysts Estimate: $1.08

-Revenue (Q3): $333 Mln vs. $321 Mln last year.

-Revenue Change (Y-o-Y): 3.7%

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