McEwen Mining Q2 Adj. EPS $(0.31) Beats $(0.74) Estimate, Sales $34.40M Miss $40.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
McEwen Mining (NYSE:MUX) reported Q2 adjusted EPS of $(0.31), beating the estimate of $(0.74) by 58.11%. However, the company's sales of $34.40M missed the estimate of $40.00M by 14.01%. This represents a 19.23% decrease in EPS and a 12.23% increase in sales compared to the same period last year.
August 10, 2023 | 1:13 pm
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NEUTRAL IMPACT
McEwen Mining's Q2 results showed a better than expected EPS but lower than expected sales. This mixed result could lead to uncertainty in the market.
While the company's EPS beat estimates, which is generally a positive signal, the missed sales estimate could be a concern for investors. The mixed results could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100