Shares in Foothill Ranch-based Kaiser Aluminum Corporation close down about 1% to $86.58 and a market cap of $1.6 billion after the company reported first quarter net income of $26 million.
The company reported a net loss of $292 million for the same period a year earlier.
Investors were disappointed to see that Kaiser Aluminum reported $343 million in revenue for the first quarter, a drop of almost 8% year over year and below analyst expectations of $347 million.
The Business Journal recently ranked Kaiser Aluminum as sixteenth largest Orange County-based public company with a market capitalization of $1.34 billion.
