| Thompson Creek misses Street 2Q forecasts | |
| | |
|
LITTLETON, Colo. (AP) _ Thompson Creek Metals Co. (TC) on Thursday reported second-quarter net income of $300,000.
On a per-share basis, the Littleton, Colorado-based company said it had net income of less than 1 cent. Losses, adjusted for non-recurring gains, came to 6 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The gold, copper and molybdenum mining company posted revenue of $134.1 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $152.2 million.
In the final minutes of trading on Thursday, the company's shares hit 57 cents. A year ago, they were trading at $2.78.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TC at http://www.zacks.com/ap/TC
_____
Keywords: Thompson Creek Metals, Earnings Report
|
|
|
Thompson Creek Metals Co Inc.
|
|
PRODUCER |
CODE : TCM.TO |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Thompson Creek is a gold and copper producing company based in Canada. Thompson Creek produces gold, copper, molybdenum in Canada, develops copper, gold and molybdenum in Canada, and holds various exploration projects in Canada. Its main assets in production are ENDAKO and THOMPSON CREEK MINE in Canada, its main assets in development are DAVIDSON (YORKE-HARDY) and MOUNT MILLIGAN in Canada and its main exploration properties are MAZE LAKE, BERG and HOWARDS PASS in Canada. Thompson Creek is listed in Canada and in Germany. Its market capitalisation is CA$ 149.3 millions as of today (US$ 111.4 millions, € 102.3 millions). Its stock quote reached its highest recent level on July 15, 2011 at CA$ 9.88, and its lowest recent point on January 22, 2016 at CA$ 0.16. Thompson Creek has 222 780 000 shares outstanding. |