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Newmont's Results Shine

Stock quotes in this article: NEM , MNG  

Shares of gold producer Newmont Mining (NEM Quote) were rallying nearly 8% Wednesday after the firm reported much better-than-expected third-quarter earnings.

Denver-based Newmont said its net income jumped to $397 million, or 88 cents a share, for the three months ended Sept. 30, up from $198 million and 44 cents in the same period a year earlier.

Earnings from continuing operations grew to 72 cents a share from 9 cents. The consensus had been expecting income of 25 cents. Shares of Newmont recently were up $3.62 at $50.06, putting the stock at a new 52-week high. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
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-1.73%
-1.46%
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