Yahoo Finance Southern Copper First Quarter 2024 Earnings: Beats Expectations
Southern Copper (NYSE:SCCO) First Quarter 2024 Results
Key Financial Results
Revenue: US$2.60b (down 6.9% from 1Q 2023).
Net income: US$736.0m (down 9.5% from 1Q 2023).
Profit margin: 28% (in line with 1Q 2023).
EPS: US$0.95 (down from US$1.05 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Southern Copper Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Metals and Mining industry in the US.
Performance of the American Metals and Mining industry.
The company's shares are up 3.1% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Southern Copper (1 shouldn't be ignored!) that we have uncovered.
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