Taseko Mines Q1 2024 Adj EPS C$0.03 Misses C$0.04 Estimate, Sales C$146.947M Beat C$128.115M Estimate
Portfolio Pulse from Benzinga Newsdesk
Taseko Mines (AMEX:TGB) reported Q1 2024 adjusted EPS of C$0.03, missing the C$0.04 estimate, but sales of C$146.947M exceeded the C$128.115M forecast. This represents a 50% increase in earnings and a 27.21% increase in sales from the same period last year.
May 02, 2024 | 6:39 am
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Taseko Mines reported a mixed Q1 2024 with an EPS miss but a significant sales beat compared to estimates.
The EPS miss may concern investors looking for profitability, but the substantial sales beat indicates strong revenue growth, which could offset concerns about the earnings miss in the short term. The mixed results present a neutral outlook for the stock price as investors weigh the implications.
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