Fortuna Mining Corp. (FSM) released a profit for its first quarter that increased from last year but missed the Street estimates.
The company's bottom line came in at $61.7 million, or $0.20 per share. This compares with $26.7 million, or $0.09 per share, last year.
Analysts on average had expected the company to earn $0.21 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 44.4% to $290.1 million from $200.9 million last year.
Fortuna Mining Corp. earnings at a glance (GAAP) :
-Earnings: $61.7 Mln. vs. $26.7 Mln. last year.
-EPS: $0.20 vs. $0.09 last year.
-Revenue: $290.1 Mln vs. $200.9 Mln last year.
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