Hecla Mining: 2Q Earnings Snapshot
COEUR D`ALENE, Idaho (AP) _ Hecla Mining Co. (HL) on Thursday reported second-quarter net income of $12.1 million, after reporting a loss in the same period a year earlier.
The Coeur d`Alene, Idaho-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring gains, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The precious metals company posted revenue of $147.3 million in the period.
The company’s shares closed at $2.87. A year ago, they were trading at $4.84.