Reuters reported that Kaiser Aluminum Corporation posted Q1 profit that lagged analysts' estimates hurt by a sharp rise in aluminum and alloying costs.

The company said that it expects its shipments and value added revenue in the second quarter to be similar to the Q1. For January to March the Foothill Ranch, California based company posted a net profit of USD 11.3 million or 59 cents a share up from USD 9 million or 44 cents a share, last year. Sales rose 20% to USD 322.6 million.

Excluding items, the company earned 47 cents a share. Analysts on average were expecting the company to earn 54 cents a share on revenue of USD 300 million

(Sourced from Reuters)