Kaiser Aluminum results beat Street view

Thursday, Jul 26, 2012
点击:

  Specialty aluminum products Kaiser Aluminum Corp's second-quarter results beat market expectations on strong demand from the aerospace and automotive sectors.

  Net income rose to $21 million, or $1.09 per share, from $4 million, or 21 cents per share, a year earlier.

  Excluding items, the company earned $1.06 per share.

  Sales at the Foothill Ranch, California-based company climbed 2 percent to $345 million.

  Analysts on average had expected a profit of 79 cents per share on revenue of $339.6 million, according to Thomson Reuters I/B/E/S.

  The company realized 5 percent higher prices in the quarter, while shipments rose 1.4 percent.

  "We continue to be optimistic regarding the outlook for our aerospace and automotive applications," Chief Executive Jack Hockema said in a statement.

  Sector-bellwether Alcoa Inc reported quarterly results above Wall Street expectations earlier this month, and it forecast growing demand in the aerospace and auto sectors.

  Kaiser Aluminum's shares, which have fallen 13 percent in the past year, closed at $49.51 on Wednesday on the Nasdaq.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......