Southern Copper (SCCO) Q4 Earnings & Sales Miss, Stock Down [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 figure also marked a 50% slump from the year-ago quarter. Results were impacted by lower volumes for copper, silver and zinc, partly offset by an uptick in molybdenum volumes. While prices for copper and silver were favorable, the decline in molybdenum and zinc prices impacted results. Net sales were around $2.3 billion, which declined 18.6% year over year. The top line missed the Zacks Consensus Estimate of $2.4 billion. Copper and silver prices improved 2.2% and 9.4%, respectively, in the quarter under review. However, molybdenum and zinc prices were down 13% and 16.9%, respectively. The company, however, witnessed a 5.9% year-over-year increase in molybdenum sales volumes. This gain was offset by lower sales volumes of copper, silver and zinc, which declined 6.5%, 14.8% and 8.6%, respectively. Southern Copper Corporation Price, Consensus and EPS Surprise Southern Copper Corporation price-consensus-eps-surprise-chart | Southern Copper Corporation Quote Oper
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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 (SCCO) Q1 Earnings Beat, Fall Y/Y on Low Prices [Yahoo! Finance]Yahoo! Finance
- 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
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