Talk about a swing and a miss...I mean SLW swung for a pitch that was thrown out to left field. .20 eps vs .25 eps est and $166 mil revs vs $189 mil revs. Yikes!!!! The only thing that will save this one tomorrow will be the price of silver soaring tomorrow.
I sifted through SLW's earnings report. This may not have been a miss. They took a $4.5 million dollar one time charge for getting rid of some bridge financing. Without that charge the earnings were 35 cents a share from an operational standpoint. The analysts would not have factored in that one time 4.5 million hit.