A-Mark: Fiscal Q1 Earnings Snapshot
EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — A-Mark Precious Metals Inc. (AMRK) on Tuesday reported fiscal first-quarter net income of $18.8 million.
The El Segundo, California-based company said it had profit of 77 cents per share. Earnings, adjusted for non-recurring costs, were $1.09 per share.
The precious metals trading company posted revenue of $2.48 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $1.98 billion.
A-Mark shares have declined 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.35, a drop of roughly 4% 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 AMRK at https://www.zacks.com/ap/AMRK
