Tuesday, November 2, 2010

Industrial Metals & Minerals Stock Movers (CLF, CNX, ATI)

Cliffs Natural Resources Inc (NYSE:CLF) added 2.89% to $65.20. The company reported late Thursday third-quarter net income rose to $297.4 million, or $2.18 a share, from $58.8 million, or 45 cents, a year ago. Revenue for the quarter ended Sept. 30 more than doubled to $1.35 billion from $666 million. Analysts polled by FactSet Research had predicted the Cleveland, Ohio-based company would post earnings of $2.63 a share on $1.41 billion in sales. The stock went up more than 38% year-to-date. CONSOL Energy Inc. (NYSE:CNX) went down 4.32% to $36.76. This week, the company said net earnings were $75.4 million, or 33 cents per share, compared with $87.4 million, or 48 cents per share, last year. Excluding items, the company earned 44 cents — below the average Wall Street estimate of 57 cents per share. The stock opened at $37.93 and was trading within the range of $36.28-$37.93. Allegheny Technologies Incorporated (NYSE:ATI) went up 2.47% to $52.69. This week, the company said it earned 26 cents a share on revenue of $1.06 billion in its third-quarter, ahead of analysts' estimates of 20 cents a share on revenue of $982.8 million. Over the past 52-week, the stock traded within the range of $30.30-$58.25. The stock went up more than 15% year-to-date. Allegheny Technologies Incorporated is a diversified specialty metals producer. The Company's products include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, stainless and specialty steel alloys, grain-oriented electrical steel, tungsten-based materials and cutting tools, carbon alloy impression die forgings, and large grey and ductile iron castings.
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