Reporting on a company's stock price movements
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In financial news, Hillman Corporation stock jumped $1 a share today after it released a better-than-expected quarterly report. Hillman revealed that its earnings for the quarter were 35 cents a share, 10 cents better than analysts had predicted. Hillman made a quarterly profit of $2.5 million, bringing its yearly profit to nearly $10 million so far. The report bumped Hillman's stock price from $20 a share this morning to $21 per share by the close of the stock market this afternoon. Earlier this year, the stock had hit a 52-week low of $12.25.
