First Majestic: 2Q Earnings Snapshot
VANCOUVER, British Columbia (AP) _ First Majestic Silver Corp. (AG) on Wednesday reported a loss of $12 million in its second quarter.
On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs, came to 2 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 1 cent per share.
The silver miner posted revenue of $83.7 million in the period.
First Majestic shares have increased 81% since the beginning of the year. The stock has climbed 61% in the last 12 months.