First Majestic: 3Q Earnings Snapshot
VANCOUVER, British Columbia (AP) _ First Majestic Silver Corp. (AG) on Thursday reported third-quarter net income of $8.6 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 4 cents. Earnings, adjusted for non-recurring costs, came to 6 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The silver miner posted revenue of $97 million in the period.
First Majestic shares have risen 76% since the beginning of the year. The stock has climbed 82% in the last 12 months.