Americas Silver Corporation (USAS) saw its stock price plummet 5.09% in pre-market trading on Monday. The sharp decline followed the release of the company's quarterly financial results.
The company reported a quarterly loss of $0.14 per share, which significantly missed the analyst consensus estimate of $0.04 per share. This represents a 450% miss compared to expectations. While quarterly sales of $37.064 million beat the $33.229 million estimate, the substantial earnings shortfall appears to have driven negative investor sentiment.
The earnings disappointment comes after analysts had expected the company to report earnings of 1 cent per share before the market opened. The stock had closed Friday's session with a 3.6% gain, but reversed course dramatically following the earnings announcement.
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