Triple Flag Precious Metals Corp. Q3 EPS $0.09, Same YoY, Revenue $49.4M Up From $33.8M YoY
Portfolio Pulse from Benzinga Newsdesk
Triple Flag Precious Metals Corp. reported Q3 2023 earnings per share (EPS) of $0.09, unchanged YoY. Revenue increased to $49.4M from $33.8M YoY. The company reported a net loss of $6.0M, compared to net earnings of $12.8M in Q3 2022. Adjusted net earnings were $17.3M, up from $13.3M YoY. Adjusted EBITDA was $38.8M, up from $26.1M YoY.
November 08, 2023 | 12:19 am
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NEUTRAL IMPACT
Triple Flag Precious Metals reported Q3 2023 earnings with an EPS of $0.09, unchanged YoY, and a net loss of $6.0M. Despite the net loss, the company's revenue and adjusted net earnings increased YoY.
The company's EPS remained unchanged YoY, indicating stable profitability. However, the reported net loss could negatively impact investor sentiment. On the other hand, the increase in revenue and adjusted net earnings YoY shows growth in the company's operations, which could have a positive impact. Therefore, the overall short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100