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Commodities Earnings Preview: Good News for Oil, Bad News for Gold and Copper

By: Minyanville
Posted: 4/25/2013 11:25:00 AM
Referenced Stocks: ABX;HAL;MON;SCCO;TRP

Earnings season for Q1 2013 is well on its way, with several bellwether commodity stocks already reporting better-than-expected results. Agribusiness giant Monsanto Company ( MON ) posted earnings that significantly beat out estimates: Earnings rose 22%, while profits came in at $1.48 billion. Meanwhile, Halliburton ( HAL ) reported an unprofitable quarter, though the company added $1 billion to reserves tied to litigation involving the Deepwater Horizon rig explosion. Barrick Gold ( ABX ) also beat analyst expectations, clocking in an EPS of $0.86.

Below, we highlight four important commodity firms reporting earnings this Friday and Monday that investors should be watching:

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Editor's note: This article by Daniela Pylypczak was originally published on Commodity HQ .