Taseko Mines Q4 Adj. EPS $0.058 Misses $0.06 Estimate, Sales $122.92M Beat $115.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Taseko Mines (AMEX:TGB) reported Q4 adjusted EPS of $0.058, missing the $0.06 estimate by 3.33%, but saw a 480% increase over last year's earnings. Sales reached $122.92M, beating the $115.58M estimate by 6.35%, and marking a 64.09% increase from the previous year.
March 08, 2024 | 6:28 am
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NEUTRAL IMPACT
Taseko Mines reported a mixed Q4 with a slight miss on EPS but a beat on sales, showing significant year-over-year growth.
The slight miss in EPS might concern some investors, but the substantial increase in sales and year-over-year growth could offset concerns and signal operational strength. The mixed results present a neutral short-term impact as investors weigh the EPS miss against the sales beat and growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100