Avino Silver & Gold Mines Q1 2024 GAAP EPS $0.02, Inline, Sales $12.393M Miss $13.666M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avino Silver & Gold Mines (AMEX:ASM) reported Q1 2024 earnings of $0.02 per share, meeting analyst estimates, and a 100% increase from the previous year. However, their sales of $12.393M fell short of the $13.666M estimate, a 9.32% miss, but still represented a 26.14% increase from the previous year.

May 08, 2024 | 9:39 pm
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NEUTRAL IMPACT
ASM reported Q1 2024 earnings per share of $0.02, aligning with estimates and marking a 100% increase from last year. Sales reached $12.393M, missing estimates by 9.32% but showing a 26.14% increase YOY.
ASM's earnings per share met analyst expectations, indicating operational efficiency and profitability that aligns with market forecasts. However, the sales miss could signal a potential concern over revenue growth or market demand, possibly affecting investor sentiment. The significant year-over-year sales increase may mitigate some concerns, suggesting that while the company missed estimates, it is still on a positive growth trajectory. The neutral score reflects the balanced nature of the financial results, with positive earnings offset by a slight revenue shortfall.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100