Lonmin Beats Earnings Estimates, Sees ‘Flat’ Prices in 2012 on Instability

Bloomberg reported Lonmin Plc (LSE:LMI) beat fiscal full-year profit estimates as demand for metals and prices rose.

As quoted in the market news:

Earnings excluding one-time items climbed 64 percent to $226 million, or 112 cents a share, in the year through September, from $138 million, or 70 cents, a year earlier, the London-based company said today in a statement. That beat the 84-cent median estimate of 18 analysts surveyed by Bloomberg.

Click here to read the full Bloomberg report.