NYSE:CSTMMetals and Mining
Constellium (CSTM) Stock Jumps After Record EBITDA Lifts Outlook
Constellium stock is trying to shake off a weak month, with the shares up about 3% today after a tough run that left the 30 day return down roughly 10%. The market is reacting to a headline quarter that delivered record adjusted earnings before interest, tax, depreciation and amortisation and a lift to full year guidance.
For an aluminium products supplier that lives and dies by volumes and margins, the story this time is clear. Q2 revenue came in at about US$2.7b and net income reached...