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Century Aluminum (CENX) Q2 Earnings & Sales Trail Estimates

Century Aluminum CENX logged a profit (as reported) of $7.1 million or 7 cents per share in second-quarter 2017, compared with a loss of $9.5 million or 11 cents per share it posted a year ago.

The results in the reported quarter were aided by a $6.1 million of unrealized gain associated with forward and derivative contracts.

Barring one-time items, Century Aluminum's adjusted earnings were a penny per share in the reported quarter, missing the Zacks Consensus Estimate of 29 cents.

Century Aluminum Company Price, Consensus and EPS Surprise

Revenues and Shipments

The company registered revenues of $388.8 million in the reported quarter, up around 19% year over year. Sales, however, fell short of the Zacks Consensus Estimate of $400 million. Shipments of primary aluminum in the quarter were 182,829 tons, down from 185,567 tons shipped a year ago.


Century Aluminum ended the quarter with cash and cash equivalents of around $130.7 million, up 1% year over year. Net cash provided by operating activities in the quarter was $14.4 million.


Century Aluminum said that it is...