Kaiser Aluminum Posts Strong Earnings (KALU)

Kaiser Aluminum Corporation KALU reports Q2 earnings of $0.71 versus estimates of $0.39. Kaiser Aluminum Corporation reports Q2 revenues of $282.4 million versus estimates of $280.34 million. "We expect third quarter demand for aerospace and high strength applications to continue at a pace comparable to what we experienced, on average, in the first half of 2010," said Mr. Hockema. "Shipments and value added revenue for our general engineering and automotive applications are anticipated to reflect normal seasonal weakness. "More importantly, the long-term fundamentals of our business remain solid, and we are pleased with how the Company is positioned. We foresee strong long-term growth in demand for our aerospace and automotive applications, and we have yet to fully realize the benefits of significant capital investments throughout our manufacturing platform, particularly in Trentwood and Kalamazoo," concluded Mr. Hockema. Shares are higher in the after-hours by 2.17%.