Why Century Aluminum Stock Soared Higher Today

Friday is turning out to be a great day to own shares of Century Aluminum (NASDAQ: CENX) -- one day after the metals producer reported earning nearly twice Wall Street's forecast for Q3.

Heading into yesterday's report, analysts expected Century to earn $0.30 per share (adjusted) in Q3, on $628.1 million in sales. In fact, Century reported a profit of $0.56 per share, and sales of $632.2 million. And now, Century stock is up a solid 12% through 11 a.m. ET.

Image source: Getty Images.

Continue reading


Source Fool.com