Century Aluminum’s EPS up 10%
Century Aluminum (CENX) released its 1Q15 earnings on April 30 after the market closed. It posted an adjusted earnings per share (or EPS) of $0.72, up 10% from the previous quarter. Wall Street reacted to the news with much jubilation, and Century Aluminum’s share price climbed more than 13%. The company’s share price had tanked 12% after the release of its 4Q14 earnings.
Volatility is not something new for Century Aluminum. Its share price has corrected by more than a third since the beginning of the year, as you can see in the above chart. It had already delivered 135% returns in 2014, making it one of the best performing aluminum companies. Century Aluminum currently forms 3.1% of the SPDR S&P Metals and Mining ETF (XME).
What will we cover in this series?
In this series, we’ll take a close look at Century Aluminum’s 1Q15 earnings. We’ll provide some key investor takeaways from the company’s earnings report. We’ll also look at Century Aluminum’s recent progress in its crucial labor and power supply negotiations.
About Century Aluminum
Century Aluminum (CENX) was formed in 1995 by Glencore International. Glencore (GLNCY) is one of the world’s largest diversified natural resource companies and a major producer and marketer of more than 90 commodities worldwide.
In the next part, we’ll look at Century Aluminum’s 1Q15 earnings in detail.