Kaiser Aluminum Q3 2024 Adj. EPS $0.51 Misses $0.83 Estimate, Sales $747.700M Miss $773.850M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kaiser Aluminum (NASDAQ:KALU) reported Q3 2024 earnings of $0.51 per share, missing the analyst estimate of $0.83. Sales were $747.7M, below the expected $773.85M. Despite missing estimates, earnings and sales increased slightly from the previous year.
October 23, 2024 | 8:36 pm
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Kaiser Aluminum's Q3 2024 earnings and sales missed analyst estimates, with EPS at $0.51 versus $0.83 expected and sales at $747.7M versus $773.85M expected. Despite the miss, both metrics showed slight year-over-year growth.
Kaiser Aluminum's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. However, the slight year-over-year growth in both earnings and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100