Silica Holdings: 2Q Earnings Snapshot
KATY, Texas (AP) _ U.S. Silica Holdings Inc. (SLCA) on Tuesday reported second-quarter earnings of $6.2 million.
On a per-share basis, the Katy, Texas-based company said it had net income of 8 cents. Earnings, adjusted for non-recurring costs, came to 14 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The commercial silica producer posted revenue of $394.9 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $397.6 million.
Silica Holdings shares have risen 1% since the beginning of the year. The stock has dropped 61% in the last 12 months.