Kaiser Aluminum shares plunge 25% on weak third-quarter results
KALU Kaiser Aluminum Corp
$107.28 -6.70%
View chart & analysis → - 1Kaiser Aluminum reported third-quarter revenue of $1.2 billion and profit of $31 million.
- 2Kaiser Aluminum's third-quarter adjusted earnings per share (EPS) of $1.89 was 42 cents below market expectations.
- 3CEO Keith A. Harvey stated that unfavorable fluctuations in metal prices caused a $29 million swing in third-quarter profit, weighing on results.
So what's the key point?
Kaiser Aluminum's third-quarter earnings came in 42 cents lower than what experts expected. Changes in metal prices pressured the results, causing the stock price to drop 25%.
Source Lewiston Tribune, Idaho · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.