Silvercorp Metals Q1 Adj EPS $0.07, Inline, Sales $60.01M Miss $60.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silvercorp Metals reported Q1 adjusted earnings of $0.07 per share, in line with analyst estimates. However, the company's quarterly sales of $60.01 million missed the consensus estimate of $60.10 million by 0.16 percent. This represents a 12.5 percent decrease in earnings and a 5.64 percent decrease in sales compared to the same period last year.
August 10, 2023 | 9:01 pm
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Silvercorp Metals' Q1 earnings met expectations, but sales fell short of estimates. This could potentially impact investor sentiment and the company's stock price.
Silvercorp Metals' earnings were in line with expectations, which is generally positive for the stock. However, the company's sales missed estimates, which is typically viewed negatively by investors. Additionally, both earnings and sales decreased compared to the same period last year, which could further negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100