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Silica Holdings reports 4Q loss

FREDERICK, Md. (AP) _ U.S. Silica Holdings Inc. (SLCA) on Wednesday reported a loss of $6.9 million in its fourth quarter.

On a per-share basis, the Frederick, Maryland-based company said it had a loss of 9 cents.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The commercial silica producer posted revenue of $182.4 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $175.5 million.

For the year, the company reported a loss of $41.1 million, or 63 cents per share, swinging to a loss in the period. Revenue was reported as $559.6 million.

Silica Holdings shares have risen 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.50, more than tripling 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 SLCA at https://www.zacks.com/ap/SLCA


Keywords: Silica Holdings, Earnings Report