McEwen Mining Q2 2024 GAAP EPS $(0.26) Misses $(0.22) Estimate, Sales $47.476M Beat $43.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
McEwen Mining (NYSE:MUX) reported Q2 2024 GAAP EPS of $(0.26), missing the $(0.22) estimate, but achieved sales of $47.476M, beating the $43.900M estimate. Sales increased by 38.03% compared to the same period last year.
August 07, 2024 | 10:11 pm
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McEwen Mining reported a Q2 2024 GAAP EPS of $(0.26), missing the $(0.22) estimate, but achieved sales of $47.476M, beating the $43.900M estimate. Sales increased by 38.03% compared to the same period last year.
The mixed results, with an EPS miss but a significant sales beat and YoY growth, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100