JPMorgan Upgrades Century Aluminum (CENX) to Neutral
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Century Reports Third Quarter 2016 Financial Results
October 27, 2016 4:07 PM EDTCHICAGO, IL -- (Marketwired) -- 10/27/16 -- Century Aluminum Company (NASDAQ: CENX) reported a net loss of $58.3 million ($0.67 per share) for the third quarter of 2016. Results were negatively impacted by a $26.8 million ($0.31 per share) charge related to the closure of the Ravenswood facility, including settlement costs associated with the retiree medical class action lawsuit, and a $2.4 million ($0.03 per share) lower of cost or market inventory adjustment. The third quarter adjusted net loss was $29.1 million ($0.31 per share).
For the third quarter of 2015, Century reported a net loss of $56.1 million ($0.65 per share). Results were negatively... More
