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First Majestic: 2Q Earnings Snapshot

VANCOUVER, British Columbia (AP) _ First Majestic Silver Corp. (AG) on Monday reported a second-quarter loss of $40 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 22 cents. Losses, adjusted for one-time gains and costs, were 7 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The silver miner posted revenue of $79.7 million in the period.

First Majestic shares have declined nearly 4 percent since the beginning of the year. The stock has dropped slightly 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