Movement Alert｜Southern Copper Corp Falls 4.64% in Regular Trading, Post-Earnings Pullback Continues Despite Q3 Beat

Market Focus10-22

On October 22, Southern Copper Corp fell 4.64% in Regular Trading, trading at $186.71/share, with turnover of $18.666 million.

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

Southern Copper Corp previously reported 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 quarterly record. Net margin improved to 38.4%. Quarterly sales reached $4.7 billion versus analyst expectations of $4.46 billion, while adjusted EBITDA was $3.04 billion versus an expected $2.91 billion. Even with those stronger-than-expected figures, the stock continued to retreat after the results.

(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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