HudBay Minerals: Fourth Quarter Earnings Overview

HudBay Minerals Reports Fourth-Quarter Financial Results

HudBay Minerals Inc., headquartered in Toronto, announced a net profit of $128 million for the fourth quarter.

The company’s earnings translated to $0.32 per share. After excluding one-time gains, adjusted earnings were $0.22 per share.

These figures fell short of analyst expectations, as a consensus of 14 analysts polled by Zacks Investment Research had anticipated earnings of $0.40 per share.

During the quarter, HudBay Minerals generated $732.9 million in revenue, which was also below the forecasted $763.8 million projected by 13 analysts surveyed by Zacks.

For the full year, HudBay Minerals posted a total profit of $568.5 million, or $1.44 per share, with annual revenue reaching $2.21 billion.

This article was produced by Automated Insights using information from Zacks Investment Research.