(Updates with stock move in the headline and first paragraph.)
Hudbay Minerals' (HBM) shares dropped nearly 17% in recent Wednesday trading after the company's Q4 results fell year-over-year and missed market expectations.
The mining company reported Q4 adjusted earnings of $0.18 per diluted share, down from $0.20 a year earlier. Analysts polled by FactSet expected $0.20.
Revenue for the quarter ended Dec. 31 was $584.9 million compared with $602.2 million a year earlier. Four analysts surveyed by FactSet expected $588.3 million.
Price: 7.45, Change: -1.51, Percent Change: -16.85
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.