Ivanhoe Electric (IE) Reports Q3 Loss, Lags Revenue Estimates
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Ivanhoe Electric (IE) reported a Q3 loss of $0.36 per share, missing the Zacks Consensus Estimate of a $0.34 loss. This is an improvement from the $0.74 loss per share a year ago.
November 08, 2024 | 4:15 pm
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Ivanhoe Electric reported a Q3 loss of $0.36 per share, which was worse than the expected loss of $0.34 per share. However, this is an improvement from the previous year's loss of $0.74 per share.
The reported loss per share of $0.36 was worse than the expected $0.34, which is likely to negatively impact the stock price in the short term. However, the improvement from last year's $0.74 loss may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100