Fortuna Silver Mines Q2 EPS $0.01 Misses $0.04 Estimate, Sales $158.40M Miss $170.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortuna Silver Mines (NYSE:FSM) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.04 by 75%. The company also reported quarterly sales of $158.40 million, missing the analyst consensus estimate of $170.70 million by 7.21%. This represents a 5.66% decrease over sales of $167.90 million the same period last year.
August 10, 2023 | 5:39 am
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Fortuna Silver Mines' Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Fortuna Silver Mines reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the stock price as it may shake investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100