U.S. Silica Holdings, Inc. (SLCA) revealed earnings for first quarter that decreased from the same period last year in line with the Street estimates.
The company's bottom line came in at $13.688 million, or $0.17 per share. This compares with $44.648 million, or $0.57 per share, in last year's first quarter.
Excluding items, U.S. Silica Holdings, Inc. reported adjusted earnings of $0.20 per share for the period.
Analysts on average had expected the company to earn $0.2 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 26.3% to $325.942 million from $442.240 million last year.
U.S. Silica Holdings, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $13.688 Mln. vs. $44.648 Mln. last year.
-EPS (Q1): $0.17 vs. $0.57 last year.
-Revenue (Q1): $325.942 Mln vs. $442.240 Mln last year.
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