Hecla Mining: 3Q Earnings Snapshot
COEUR D`ALENE, Idaho (AP) _ Hecla Mining Co. (HL) on Thursday reported a third-quarter loss of $23.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Coeur d`Alene, Idaho-based company said it had a loss of 5 cents. Losses, adjusted for costs related to mergers and acquisitions, came to 4 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The precious metals company posted revenue of $143.6 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $152.2 million.
The company’s shares closed at $2.43. A year ago, they were trading at $4.59.