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HudBay Minerals: 1Q Earnings Snapshot

TORONTO (AP) _ HudBay Minerals Inc. (HBM) on Monday reported a first-quarter loss of $13.4 million, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 5 cents per share. Earnings, adjusted for non-recurring costs, were 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The mining company posted revenue of $292.3 million in the period, falling short of Street forecasts. Fourteen analysts surveyed by Zacks expected $317.6 million.

HudBay Minerals shares have increased 38% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.53, a decrease of almost 7% 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 HBM at https://www.zacks.com/ap/HBM