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HudBay Minerals: 3Q Earnings Snapshot

November 11, 2019

TORONTO (AP) _ HudBay Minerals Inc. (HBM) on Monday reported a third-quarter loss of $274.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had a loss of $1.05. Losses, adjusted for asset impairment costs and pretax expenses, came to 8 cents per share.

The results did not meet Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The mining company posted revenue of $291.3 million in the period, which also fell short of Street forecasts. Fifteen analysts surveyed by Zacks expected $291.9 million.

In the final minutes of trading on Monday, the company’s shares hit $3.66. A year ago, they were trading at $4.96.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBM at https://www.zacks.com/ap/HBM