Kaiser Aluminum Q3 Profit Decreases - Quick Facts

(RTTNews) - Kaiser Aluminum Corp. (KALU) reported third-quarter net income of $15.9 million or $0.85 per share, a decrease from $25.4 million or $1.34 earnings per share for the third quarter 2013. Excluding the impact of non-run-rate items, adjusted net income was $14.6 million or $0.79 per share for the third quarter 2014.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.02 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $338.9 million from $319.9 million, prior year. Analysts expected revenue of $341.34 million for the quarter.

The company anticipates fourth-quarter value added revenue and adjusted EBITDA will be similar to the third quarter 2014. The company now anticipates full year 2014 adjusted EBITDA will fall slightly below 2012 and 2013 levels.