Kaiser Aluminum Q1 2024 Adj EPS $1.02 Beats $0.57 Estimate, Sales $738.000M Beat $696.050M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kaiser Aluminum (KALU) reported Q1 2024 adjusted EPS of $1.02, surpassing the $0.57 estimate, with sales of $738M also beating the $696.05M estimate. This represents a 8.62% decrease in sales compared to the same period last year.
April 24, 2024 | 8:31 pm
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Kaiser Aluminum reported a significant beat on both EPS and sales estimates for Q1 2024, with adjusted EPS at $1.02 against a $0.57 estimate and sales of $738M surpassing the $696.05M forecast.
Beating both EPS and sales estimates significantly, especially by 78.95% for EPS, indicates strong financial health and operational efficiency. This outperformance, particularly in a challenging economic environment, is likely to positively influence investor sentiment and potentially drive up KALU's stock price in the short term.
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RELEVANCE 100