Why Century Aluminum Shares Are Climbing Today
Shares of Century Aluminum (NASDAQ: CENX) opened up more than 10% on Friday after the aluminum producer reported better-than-expected fourth-quarter results and gave an optimistic outlook for the year. It's a tough market for metals companies, but Century management seems to think the worst has passed.
After markets closed Thursday, Century reported a fourth-quarter loss of $0.09 per share, better than the consensus $0.17-per-share loss estimate, on revenue of $435.5 million that beat expectations by $9 million.
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Source Fool.com
