was among the
winners Wednesday, as the gold miner
easily beat third-quarter expectations.
Newmont reported net income of $397 million, or 88 cents a share, vs. $198 million, or 44 cents a share, in the same period a year earlier. It posted revenue of $1.65 billion, compared to $1.10 billion a year ago. Earnings from continuing operations jumped to 72 cents a share from 9 cents a share. Analysts polled by Thomson Financial had expected earnings of 25 cents a share on revenue of $1.40 billion. Shares were rising $3.76, or 8.1%, to $50.20.
shares also were rising 2.9% after the oil and gas driller beat third-quarter expectations. The company posted net income of $973 million, or $3.24 a share, vs. $309 million, or 96 cents a share, in the year-ago period. Transocean reported revenue of $1.54 billion, up from $1.03 billion a year ago. The results include one-time gains of $336 million, or $1.12 a share, from a tax-sharing agreement; $52 million, primarily in foreign tax credits; and $8 million from the sale of assets. Analysts had expected earnings of $2.06 a share on revenue of $1.51 billion. Shares were adding $3.35 to $118.22.
were jumping 8.3% after the specialty metals maker beat Wall Street's fiscal first-quarter expectations. The company posted net income of $57.7 million, or $2.24 a diluted share, vs. $51.2 million, or $1.94 a share in the year-ago period. Revenue rose to $475 million from $404.5 million. Analysts were expecting earnings of $2.10 on revenue of $442.2 million. Shares were adding $11.10 to $145.
Jones Apparel Group
shares were climbing 5.6% after beating third-quarter expectations on the back of its sale of Barneys retail operations. The company earned $3.97 a share on revenue of $1.03 billion, vs. 56 cents a share on revenue of $1.08 billion a year ago. Adjusted earnings were 51 cents a share for the current period, vs. 59 cents a share a year ago. Analysts expected earnings of 34 cents a share on revenue of $998.9 million. Shares were gaining $1.11 to $20.81.
On the downside,
Buffalo Wild Wings
plummeted 21% after the restaurant chain missed third-quarter expectations. Total revenue climbed 20.5% to $82.4 million and earnings increased to 20 cents a share, vs. 24 cents a share a year ago. Analysts, however, expected earnings of 26 cents a share. The stock was losing $8.16 to $30.75.
( NLC) was giving up 8% after the water treatment company met third-quarter profit targets but said European operations were "constrained by ongoing internal operational challenges," and higher operating expenses weighed on earnings improvement, according to the
. Shares were shedding $2.21 to $25.30.