First Quantum Minerals: Q2 Earnings Snapshot
By AP News
Published - Jul 23, 2024, 05:13 PM ET
Last Updated - Jul 23, 2024, 05:13 PM EDT
TORONTO (AP) — TORONTO (AP) — First Quantum Minerals Ltd. (FQVLF) on Tuesday reported a loss of $46 million in its second quarter.
On a per-share basis, the Toronto-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The metal and minerals mining company posted revenue of $1.23 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.04 billion.
