Kaiser Aluminum Q2 Profit Falls, Misses Estimate

(RTTNews) - Kaiser Aluminum Corp. (KALU) reported net income for the second quarter of $19 million or $0.98 per share, compared to $21 million or $1.09 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $17 million or $0.91 per share, compared to $20 million or $1.06 per share in the prior year quarter.

Net sales for the second quarter fell to $328.9 million from $345.2 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.94 per share on revenue of $352.57 million for the second quarter. Analysts' estimates typically exclude special items.