Movement Alert｜Southern Copper Corp falls 3.33% in Pre-Market Trading, post-earnings pullback follows strong third-quarter results

Market Focus10-22

On October 22, Southern Copper Corp fell 3.33% in Pre-Market Trading, trading at $191.0 per share, with turnover of $116,000.

The move followed a post-earnings pullback even though the company had reported third-quarter results above market expectations.

Southern Copper Corp previously disclosed third-quarter revenue of $4.697 billion, up 39.1% year over year, and net income attributable to shareholders of $1.802 billion, up 62.7%, a record quarterly high. Net margin improved to 38.4%. Quarterly sales were $4.7 billion versus analyst expectations of $4.46 billion, while adjusted EBITDA reached $3.04 billion, above the $2.91 billion consensus. Despite those beats, the latest market reaction remained negative, consistent with the recent retreat seen after the earnings release.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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