CHICAGO (AP) _ Coeur Mining Inc. (CDE) on Tuesday reported a loss of $ 16.7 million in its second quarter.
The Chicago-based company said it had a loss of 12 cents per share. Losses, adjusted for one-time gains and costs, were 11 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The silver mining company posted revenue of $ 166.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $ 166.7 million.
In the final minutes of trading on Tuesday, the company’s shares hit $ 3.25. A year ago, they were trading at $ 7.47.
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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 CDE at http://www.zacks.com/ap/CDE
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Keywords: Coeur Mining, Earnings Report
