FOOTHILL RANCH, Calif. (AP) _ Kaiser Aluminum Corp. (KALU) on Wednesday reported second-quarter net income of $19.2 million.
The Foothill Ranch, California-based company said it had net income of $1.18 per share. Earnings, adjusted for non-recurring costs, came to $1.40 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The aluminum products company posted revenue of $375.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $391.6 million.
Kaiser shares have risen nearly 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $96.18, a decline of 14% in the last 12 months.