Kinross Gold Corporation (USA) (NYSE:KGC) moved down 4.67% to $15.49 following the Company reported second quarter results. Revenue rose 42% to $987.8 million. The average realized gold price was $1,449 per ounce sold in the second quarter of 2011. Net earnings were $247.4 million or $0.22 per share compared to $110.4 million or $0.16 per share in the second quarter of 2010.
News Corporation (NASDAQ:NWSA) jumped up 17.07% to $16.05. The Company reported 2011 net income of $2.74 billion or $1.04 per share compared to net income of $2.54 billion or $0.97 per share reported in fiscal 2010. The Company announced a dividend of $0.095 per Class A and Class B share, payable on October 19, 2011.
Pan American Silver Corp. (USA) (NASDAQ:PAAS) moved down 3.78% to $27.98 after the Company posted second quarter results. Profit was $113.5 million or $1.04 per share compared to loss of $5.6 million or 6 cents per share in the second quarter of 2010.
Revenue increased 54% to $231.9 million due to higher prices.
A123 Systems Inc (NASDAQ:AONE) surged up 33.12% to $4.22. General Motors Co awarded a contract to A123 Systems Inc to build battery packs for future electric vehicles.
Brinker International Inc (NYSE:EAT) increased 12.49% to $23.19 after the Company posted fourth quarter results. Profit was $41.9 million or 49 cents per share against $63.6 million or 62 cents per share in the prior year period. Revenue decreased 3.4% to $717.5 million mainly due to 7.5% decline in capacity.
