* Q2 adjusted EPS more than doubles
* Shares 2 pct higher in after-hours trading
SAN FRANCISCO Aug 2 Kaiser Aluminum Corp
(KALU.O) said on Monday its underlying quarterly profit more
than doubled, helped by cost cuts and stronger-than-expected
shipments for aerospace and high-strength products.
Chief Executive Jack Hockema also said Kaiser's fabricated
products segment had its best quarter in two years.
Net earnings were $100,000, or 1 cent per share, compared
with $20 million, or 97 cents per share, in the same quarter of
2009, the Foothill Ranch, California-based company said.
But adjusted net income was $13.5 million, or 71 cents per
share, compared with $6.5 million, or 32 cents per share, a
year before, excluding non-run-rate items in both periods. On
that basis, analysts had expected a profit of 39 cents per
share, according to the average on Thomson Reuters I/B/E/S.
Net sales rose 22 percent to $282 million.
Shares of the company rose more than 2 percent to $41.98 in
light, after-hours trading.
(Reporting by Braden Reddall in San Francisco, with additional
reporting by Steve James; editing by Bernard Orr)