（RTTNews） - Aluminum producer Century Aluminum Co. （CENX: News ） Tuesday reported a profit for the fourth quarter, compared to a loss last year.
Century Aluminum's net income to shareholders for the quarter was $59.94 million or $0.64 per share compared to a loss of $24.35 million or $0.28 per share in the fourth quarter of previous year.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.22 per share in the quarter. Analysts estimates typically excludes special items.
The recent fourth-quarter's results were negatively impacted by a mark-to-market loss on forward contracts of $5.7 million and by a contractual termination pension benefit charge of $4.6 million, while changes to the Century of West Virginia retiree medical benefits program increased results by $56.7 million with an associated discrete tax benefit of $2.0 million.
The Monterey, California-based company's total sales increased to $316.85 million from $256.81 million in the comparable quarter a year ago. Analysts were looking for revenue of $306.13 million.
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