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Kaiser Aluminum Corporation Q1 adjusted earnings Beat Estimates

Kaiser Aluminum Corporation (KLUCQ.OB) revealed a profit for first quarter that dropped from the same period last year.

The company's profit totaled $25.7 million, or $1.51 per share. This compares with $36.0 million, or $2.04 per share, in last year's first quarter.

Excluding items, Kaiser Aluminum Corporation reported adjusted earnings of $27.3 million or $1.60 per share for the period.

Analysts had expected the company to earn $1.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.2% to $388.0 million from $355.3 million last year.

Kaiser Aluminum Corporation earnings at a glance:

-Earnings (Q1): $27.3 Mln. vs. $26.7 Mln. last year.
-EPS (Q1): $1.60 vs. $1.52 last year.
-Analysts Estimate: $1.54
-Revenue (Q1): $388.0 Mln vs. $355.3 Mln last year.

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