First Majestic: 3Q Earnings Snapshot

November 7, 2019 GMT

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.


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