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First Majestic: 3Q Earnings Snapshot

VANCOUVER, British Columbia (AP) _ First Majestic Silver Corp. (AG) on Wednesday reported third-quarter net income of $5.9 million, after reporting a loss in the same period a year earlier.

The Vancouver, British Columbia-based company said it had net income of 3 cents per share. Losses, adjusted for non-recurring gains, came to 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The silver miner posted revenue of $88.5 million in the period.

First Majestic shares have dropped 16 percent since the beginning of the year. The stock has fallen 17 percent 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