Century Aluminum (CENX) Falls Despite Earnings Beat

NEW YORK (TheStreet) -- Century Aluminum  (CENX) fell 5.84% to $11.45 at the close of the trading day on Friday, down 71 cents from its previous close of $12.16, despite the fact that the company reported fourth-quarter earnings that surpassed analysts' expectations.

The company reported a net loss of $9.7 million, or 11 cents a share, wider than $6.9 million, or 8 cents a share, in the same period one year ago. Fourth-quarter revenue was $401.17 million, up year-over-year from $317.67 million. Analysts polled by Thomson Reuters expected a loss of 22 cents a share on revenue of $400.29 million.

Barclays also raised its target price on the stock to $13 from $11.

The stock had a high of $12.11 and a low of $11.12 for the day and amassed a volume of 2,039,093, well above its average of 665,531. It holds a one-year high of $12.58 and a one-year low of $6.26.

TheStreet Ratings team rates CENTURY ALUMINUM CO as a "hold" with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate CENTURY ALUMINUM CO (CENX) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and feeble growth in the company's earnings per share."

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