HudBay Minerals Inc. (HBM.TO) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $100.4 million, or $0.25 per share. This compares with $22.3 million, or $0.06 per share, last year.
Excluding items, HudBay Minerals Inc. reported adjusted earnings of $93.8 million or $0.24 per share for the period.
Analysts on average had expected the company to earn $0.11 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 13.3% to $594.9 million from $525.0 million last year.
HudBay Minerals Inc. earnings at a glance (GAAP) :
-Earnings: $100.4 Mln. vs. $22.3 Mln. last year.
-EPS: $0.25 vs. $0.06 last year.
-Revenue: $594.9 Mln vs. $525.0 Mln last year.
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