Hecla Mining Q2 2024 Adj. EPS $0.02 Misses $0.04 Estimate, Sales $245.657M Beat $219.199M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hecla Mining (NYSE:HL) reported Q2 2024 earnings per share (EPS) of $0.02, missing the analyst consensus estimate of $0.04 by 50%. However, the company reported sales of $245.657 million, beating the analyst consensus estimate of $219.199 million by 12.07%. This represents a 37.91% increase over sales of $178.130 million in the same period last year.
August 07, 2024 | 6:29 am
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Hecla Mining's Q2 2024 EPS missed estimates by 50%, but sales beat expectations and increased significantly year-over-year.
The mixed results, with EPS missing but sales beating estimates and showing strong year-over-year growth, are likely to have a neutral short-term impact on Hecla Mining's stock price. Investors may weigh the earnings miss against the strong sales performance.
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