Southern Copper (SCCO) Q4 Earnings Lag Estimates, Sales Beat
Zacks Investment Research | Feb 26, 2020 09:31PM ET
Southern (NYSE:SO) Copper Corporation (NYSE:SCCO) reported fourth-quarter 2019 adjusted earnings of 40 cents per share, which missed the Zacks Consensus Estimate of 48 cents. However, the figure improved 4% from prior-year quarter figure of 38 cents.
Net sales came in at $1,855 million, up 9% year over year. The top line improved on higher sales volume of copper, silver and molybdenum, and rising silver prices. However, lower copper, molybdenum and zinc prices somewhat offset these gains. Further, the reported sales figure surpassed the Zacks Consensus Estimate of $1,832 million.
Adjusted EBITDA dipped 1% year over year to $787 million in fourth-quarter 2019. Adjusted EBITDA margin was 42% compared with the prior-year quarter figure of 47%.
Southern Copper Corporation Price, Consensus and EPS Surprise
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