Hudbay Minerals Q1 2024 Adj EPS $0.16 Beats $0.04 Estimate, Sales $524.989M Beat $445.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hudbay Minerals (NYSE:HBM) reported Q1 2024 adjusted EPS of $0.16, surpassing the $0.04 estimate, with sales of $524.989M exceeding the $445.000M forecast. This represents a 77.83% increase in sales compared to the same period last year.
May 14, 2024 | 10:04 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Hudbay Minerals reported a significant beat on both earnings per share and sales for Q1 2024, with a notable year-over-year sales growth.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales increase, is likely to be viewed positively by investors. This could lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100