Harmony Gold Mining Co. Says South African Gold Production Jumps 12%-14% in Fiscal Q1

Harmony Gold Mining Co. Says South African Gold Production Jumps 12%-14% in Fiscal Q1

Harmony Gold Mining Co. (HMY) said Thursday gold production from its South African underground operations will record a 12% to 14% quarter-on-quarter in fiscal Q1 jump because of an increase in both volumes and recovered grade. ADRs climbed intraday. Compared with the fiscal Q1 that ended Sept. 30, 2016, gold production is up 6% to 8%, according to a statement. The company’s full results will be declared Nov. 7. The […]

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AT&T Drops Nearly 4% After Warning of $90 Mln Hit to Q3 Revenue

AT&T Drops Nearly 4% After Warning of $90 Mln Hit to Q3 Revenue

AT&T (T) warned investors that its revenue will be $90 million lower and reported pre-tax earnings will be eroded by about $210 million, or $0.02 per diluted share in Q3 after several devastating hurricanes, as well as earthquakes in Mexico, significantly impacted certain service areas last quarter. The hit to earnings will come from damage to its network and other property, costs to restore services, and revenue declines from waived […]

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Stock Indices Mixed in US as Bank Earnings Indicate Weak Fixed Income Trading

Stock Indices Mixed in US as Bank Earnings Indicate Weak Fixed Income Trading

The benchmark US indices were mixed on Thursday as the initial quarterly earnings reports from the country’s top banks failed to fuel buying across the broader market. JPMorgan Chase (JPM) and Citigroup (C), the first and fourth largest US banks by assets, posted better than expected third quarter earnings but both saw a decline in revenues from fixed income market activity. Citigroup fell 1.6% in midday trading and JPMorgan was […]

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Consumer Discretionary Stocks Hold On For Slim Rise

Consumer Discretionary Stocks Hold On For Slim Rise

Consumer stocks closed broadly mixed this afternoon, with shares of consumer staples companies in the S&P 500 extending their decline, dropping nearly 1.0% while shares of consumer discretionary firms in the S&P 500 held a 0.1% advance. In company news, Costco Wholesale Corp (COST) was trading at a steep discount Friday, with shares of the warehouse retailer at one point falling more than 6% to a session low of $156.54 […]

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Health Care Stocks Straddle Break-Even Marks at Close

Health Care Stocks Straddle Break-Even Marks at Close

Health care stocks were narrowly mixed at Friday’s close, with the NYSE Health Care Index rising almost 0.1% while shares of health care companies in the S&P 500 were down a little more than 0.1% as a group. In company news, BioDelivery Sciences International (BDSI) stayed within a few pennies of its $3.03 per share session high on Friday, with the specialty drugmaker’s stock rising almost 3% after the company […]

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