Tahoe Resources: 3Q Earnings Snapshot
RENO, Nev. (AP) _ Tahoe Resources Inc. (TAHO) on Tuesday reported a loss of $190 million in its third quarter.
On a per-share basis, the Reno, Nevada-based company said it had a loss of 61 cents. Losses, adjusted for asset impairment costs and non-recurring costs, came to 6 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.
The mining company posted revenue of $111.8 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $2.49. A year ago, they were trading at $4.83.