Hudbay Minerals Q2 Sales $425.520M Miss $468.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hudbay Minerals (NYSE:HBM) reported Q2 sales of $425.520 million, missing the analyst consensus estimate of $468.900 million by 9.25%. Despite the miss, sales increased by 36.31% compared to the same period last year.
August 13, 2024 | 10:02 am
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Hudbay Minerals reported Q2 sales of $425.520 million, missing the analyst consensus estimate of $468.900 million by 9.25%. However, sales increased by 36.31% compared to the same period last year.
The miss on sales estimates by 9.25% is likely to have a negative short-term impact on the stock price. However, the significant year-over-year increase in sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100