Kaiser Aluminum Corp. （NASDAQ:KALU） slid 0.58% to $44.91. Kaiser Aluminum Corp's third-quarter profit dropped 74 percent, missing Wall Street estimates, and the company warned on Monday of a quarter-to-quarter decline in shipments.
Net income fell to $6 million, or 29 cents per share, from $23 million, or $1.14 a share, a year earlier, the Foothill Ranch, California-based company said.
Excluding certain items, earnings were 32 cents per share. On that basis, analysts on average were expecting 43 cents, according to Thomson Reuters.
The stock went up more than 5% year-to-date.
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