Revenue Update on Century Aluminum Co(NASDAQ:CENX)

Century Aluminum Co(NASDAQ:CENX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $326.75M. Analysts estimated a revenue of $338.22M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.14.

Century Aluminum Co (CENX) shares turned negative on Thursdays trading session with the shares closing down -0.27 points or -3.81% at a volume of 13,96,011. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.12. The peak price level was also seen at $7.12 while the days lowest was $6.82. Finally the shares closed at $6.82. The 52-week high of the shares is $9.4 while the 52-week low is $2.63. According to the latest information available, the market cap of the company is $594 M.

Century Aluminum Company (Century) is a holding company engaged in the production of primary aluminum and operation of aluminum reduction facilities or smelters in the United States and Iceland. The Company operates three United States aluminum smelters in Hawesville Kentucky (Hawesville) Robards Kentucky (Sebree) and Mt. Holly South Carolina (Mt. Holly) and one smelter in Grundartangi Iceland (Grundartangi). The Company produces several primary products at its facilities which include billet foundry slab and sow. The Company’s annual primary aluminum production capacity is approximately 1166000 tons per year (tpy). In addition to its primary aluminum assets the Company also owns a carbon anode production facility located in Vlissingen the Netherlands (Vlissingen) and Baise Haohai Carbon Company Ltd. (BHH) that owns and operates a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China.

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