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First Majestic: 1Q Earnings Snapshot

VANCOUVER, British Columbia (AP) _ First Majestic Silver Corp. (AG) on Thursday reported first-quarter net income of $2.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 1 cent. Losses, adjusted for non-recurring gains, were 1 cent per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share.

The silver miner posted revenue of $86.8 million in the period.

First Majestic shares have fallen 0.5% since the beginning of the year. The stock has dropped 14% 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