Compania de Minas Buenaventura SA (BVN: Quote), a Peru-based precious metals producer, Tuesday said its second-quarter profit declined 23 percent hurt mainly by increased operating costs.
The Lima, Peru-based company's attributable second-quarter net income dropped to $152.6 million or $0.60 per share from $197.6 million or $0.78 per share last year.
On average, three analysts polled by Thomson Reuters expected earnings of $0.77 per share for the quarter. Analysts' estimates typically exclude unusual gains and losses.
Buenaventura said its total revenues for the quarter grew 2 percent to $350.5 million from $343.3 million last year. Analysts estimated revenues of $381.32 million for the quarter.
Total operating costs increased to $213.3 million from $162.0 million last year.
Click here to receive FREE breaking news email alerts for Compania De Minas Buenaventura SA and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News