SSR Mining Q2 Sales $184.841M Miss $188.970M Estimate
Portfolio Pulse from Benzinga Newsdesk
SSR Mining (NASDAQ:SSRM) reported Q2 sales of $184.841 million, missing the analyst consensus estimate of $188.970 million by 2.19%. This represents a 38.60% decrease from the same period last year.
July 31, 2024 | 8:11 pm
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NEGATIVE IMPACT
SSR Mining reported Q2 sales of $184.841 million, missing the analyst consensus estimate of $188.970 million by 2.19%. This is a significant 38.60% decrease from the same period last year, indicating potential challenges in the company's performance.
The miss on sales estimates and the significant year-over-year decrease in sales suggest potential operational or market challenges for SSR Mining. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100