Referenced Stocks

Silver Standard Resources Swings to Loss in Q3 2012 - Reaffirms 2012 Production Guidance

By Midnight Trader,  November 08, 2012, 06:58:54 AM EDT

Silver Standard Resources Inc. ( SSRI ) reported a third quarter 2012 loss of $2.5 million, or $0.03 per share, compared to consensus estimate of $0.01 per share earnings. Revenues were $73.5 million, which is above the $67.86 million analysts estimate.

In the same period last year, the company had a net income of $21.8 million, or $0.27 per share, on revenues of $26.15 million.

The company also maintains 2012 production guidance of between 8.2 and 8.5 million ounces of silver and between 10.5 and 11.5 million pounds of zinc.

SSRI edged up by 2 cents to $14.71 in the after-hours market.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: SSRI



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