Southern Copper (SCCO) Q1 Earnings Beat, Fall Y/Y on Low Prices [Yahoo! Finance]
Southern Copper Corporation (SCCO)
Last southern copper corporation earnings: 2/26 04:01 pm
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US:NYSE Investor Relations:
southernperu.com/eng/invrel
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Source: Yahoo! Finance
The bottom line, however, declined 9.5% from the -year-ago quarter, mainly attributed to lower prices of copper, molybdenum and zinc. Also, reduced sales volumes for zinc and silver offset the gains from higher copper and molybdenum sales. Net sales were $2.6 billion, which marked a 7% decline year over year. The top line surpassed the consensus estimate of $2.5 billion. Revenues were mainly impacted by lower prices for copper (5.4%), molybdenum (38.1%) and zinc (-21.8%). Southern Copper witnessed an 8.5% year-over-year increase in molybdenum sales volumes while its copper sales volume was up 2.8% in the first quarter of 2024. These gains were offset by lower sales volumes of zinc and silver, which declined 3.1% and 0.3% respectively. Cost of sales decreased 3% year over year to $1.16 billion. Total operating costs were down 2% year over year to $1.4 billion. Southern Copper Corporation Price, Consensus and EPS Surprise Southern Copper Corporation price-consensus-eps-surpris
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SCCO
News
- Southern Copper Co. (NYSE: SCCO) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Southern Copper Co. (NYSE: SCCO) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Southern Copper Co. (NYSE: SCCO) had its price target raised by analysts at Morgan Stanley from $123.00 to $135.00. They now have an "underweight" rating on the stock.MarketBeat
- Southern Copper Co. (NYSE: SCCO) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Southern Copper Co. (NYSE: SCCO) is now covered by analysts at CICC Research. They set an "outperform" rating on the stock.MarketBeat
SCCO
Earnings
- 4/25/24 - Beat
SCCO
Sec Filings
- 5/1/24 - Form 4/A
- 5/1/24 - Form 4
- 4/30/24 - Form 4
- SCCO's page on the SEC website