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Silica Holdings: 2Q Earnings Snapshot

July 30, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLCA at https://www.zacks.com/ap/SLCA

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