Coeur Mining Q3 Adj $(0.05) Misses $(0.01) Estimate, Sales $194.58M Miss $257.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Coeur Mining (NYSE:CDE) reported Q3 losses of $(0.05) per share, missing the analyst consensus estimate of $(0.01) by 400%. The company also reported quarterly sales of $194.58 million, missing the analyst consensus estimate of $257.40 million by 24.40%. However, these figures represent an increase over the same period last year.
November 08, 2023 | 10:42 pm
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NEGATIVE IMPACT
Coeur Mining's Q3 results missed estimates, which could negatively impact investor sentiment and the company's stock price in the short term.
Coeur Mining's Q3 results missed analyst estimates by a significant margin, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term. However, the company did show improvement over the same period last year, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100