Southern Copper's Q3 Earnings Beat Estimates on High Volumes [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 marked a 46% improvement from the year-ago quarter, mainly driven by higher sales volumes for copper, molybdenum, silver and zinc and higher prices for all metals (except molybdenum). SCCO's strict cost control efforts also contributed to the earnings improvement. SCCO reported net sales of $2.9 billion, up 17% from the year-ago quarter, driven by higher sales volumes of all its products. The figure missed the consensus estimate of $2.94 billion. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Southern Copper reported a 50.1% year-over-year surge in zinc sales volumes. Molybdenum volumes were up 5.7%, silver volumes improved 19% and copper sales volumes were up 7.7%. The rise in sales volumes as well as higher prices for copper (10%), zinc (14.5%) and silver (24.7%) also drove the increase in sales. Meanwhile, molybdenum prices were down 8%. The cost of sales rose 4% year over year to $1.22 billion. Total operating costs were up 3% year
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SCCO
News
- Southern Copper Co. (NYSE: SCCO) had its price target lowered by analysts at Scotiabank from $54.00 to $52.00. They now have a "sector underperform" rating on the stock.MarketBeat
- Southern Copper Corrects: The Compelling Case For It And Copper [Seeking Alpha]Seeking Alpha
- Southern Copper Co. (NYSE: SCCO) had its price target raised by analysts at Citigroup Inc. from $99.44 to $100.00. They now have a "sell" rating on the stock.MarketBeat
- Bullish on Southern Copper Corp. [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Southern Copper Co. (NYSE: SCCO) had its price target raised by analysts at Morgan Stanley from $97.00 to $100.00. They now have an "underweight" rating on the stock.MarketBeat
SCCO
Earnings
- 10/21/24 - Beat
SCCO
Sec Filings
- 10/31/24 - Form 10-Q
- 10/24/24 - Form 4
- 10/24/24 - Form 4
- SCCO's page on the SEC website