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XTO Energy Stock Jumps On Strong Quarter
Shares of XTO Energy(XTO Quote) got a sharp boost Wednesday from earnings that exceeded expectations on increased production during the first quarter, as well as encouraging oil-inventory data from the Energy Department.
XTO stock was trading recently up 12% to $42.50 in afternoon trading Wednesday, on heavy volume.
Excluding items, XTO said adjusted earnings for the quarter came in at $531 million, or 91 cents per share. Analysts polled by Thomson Reuters were looking for EPS of 77 cents in the quarter. ...
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