PRESS DIGEST - Wall Street Journal - Sept 28
Sept 28 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
* 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)
* Gryphon will apply for its shares to be suspended from trading on Asx from close of trading on 29 sept 2016
Sept 28 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.