Kaiser Aluminum Raises Guidance — Stock Breaks Out of 5-Year Base!

Kaiser Aluminum is now interesting due to strong quarterly numbers and the chart. The company is a US manufacturer of semi-finished aluminum specialty products. This focus allows the company to enforce higher margins and protect itself against cheaper competition from abroad. The quarterly numbers presented on April 23rd have truly shattered the forecasts for Q1. Earnings per share were a strong $3.74, almost double the expected $1.95. Total revenue also increased by 42% to $1.1 billion, significantly surpassing estimates. Due to the strong start...