Cabot Oil & Gas Jump in Friday Trading

MSNBC reported that Cabot Oil & Gas Corp shares reached a new high on Friday, bolstered by better-than-expected third-quarter net income.

As quoted in the market report:

 Houston-based Cabot said its third-quarter profit jumped 29 percent to $36.6 million, or 17 cents per basic share, from $28.5 million, or 14 cents per basic share, in the same quarter last year. Excluding one-time items, the company said it posted an adjusted profit of 21 cents per share.

To view the whole MSNBC report, click here.