First Quantum Minerals (FQVLF) Reports Q1 Loss, Tops Revenue Estimates

First Quantum Minerals reported a quarterly loss of $0.18 per share, missing the Zacks Consensus Estimate of a $0.04 profit. This compares with break-even EPS a year ago, indicating a deterioration in profitability and a clear earnings miss. The result is likely to pressure the stock modestly.

Analysis

First Quantum Minerals reported a quarterly loss of $0.18 per share, missing the Zacks Consensus Estimate of a $0.04 profit. This compares with break-even EPS a year ago, indicating a deterioration in profitability and a clear earnings miss. The result is likely to pressure the stock modestly.