HudBay Minerals: 4Q Earnings Snapshot

TORONTO (AP) _ HudBay Minerals Inc. (HBM) on Tuesday reported a fourth-quarter loss of $3.5 million, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 1 cent per share. Earnings, adjusted for pretax expenses and non-recurring costs, came to 5 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The mining company posted revenue of $351.8 million in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $320.3 million.

For the year, the company reported profit of $85.4 million, or 33 cents per share. Revenue was reported as $1.47 billion.

HudBay Minerals shares have risen 35 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.36, a drop of 24 percent in the last 12 months.

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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