12:15 pm Kaiser Alum Down 7% Following Weak Q3 Earnings Results/Reduced Guidance
Kaiser Alum (KALU 70.23 -4.91) is trading sharply lower this morning following weak third quarter earnings results/reduced FY14 guidance results. Losses following quarterly earnings pulled the stock below its 200-day moving average on a daily chart. It's now below its 20, 50 and 100-day moving averages, as well as the 200-day.
The company reported a third quarter loss of ($0.79), which was easily worse than expectations. On the top line, revenues rose 5.9% to $339 million, which were about …More