Hecla Mining: 4Q Earnings Snapshot
COEUR D`ALENE, Idaho (AP) _ Hecla Mining Co. (HL) on Thursday reported a loss of $23.7 million in its fourth quarter.
On a per-share basis, the Coeur d`Alene, Idaho-based company said it had a loss of 5 cents. Losses, adjusted for non-recurring gains, came to 6 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The precious metals company posted revenue of $136.5 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $151 million.
For the year, the company reported that its loss widened to $26.6 million, or 6 cents per share. Revenue was reported as $567.1 million.
The company’s shares closed at $2.94. A year ago, they were trading at $3.75.