Hudbay Minerals Q4 Adj. EPS $0.20 Beats $0.13 Estimate, Sales $602.19M Beat $542.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hudbay Minerals (NYSE:HBM) reported Q4 adjusted EPS of $0.20, surpassing the $0.13 estimate, marking a 1900% increase from last year's $0.01. Sales reached $602.19M, exceeding the $542.12M estimate, an 87.48% increase from the previous year.
February 23, 2024 | 11:02 am
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Hudbay Minerals reported a significant beat on both EPS and sales estimates for Q4, with EPS at $0.20 vs. $0.13 expected and sales at $602.19M vs. $542.12M expected.
The substantial beat on both earnings per share and sales estimates, coupled with the significant year-over-year growth, indicates strong operational performance and efficiency. This is likely to instill investor confidence and could lead to a positive short-term impact on Hudbay Minerals' stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100