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Ivanhoe Electric (IE) Reports Q3 Loss, Lags Revenue Estimates
Nov 5, 1:31 PM·
High Pessimistic

Sources

Summarized by i88

Tickers

Summary

Ivanhoe Electric (IE) reported a Q3 loss of $0.19 per share, wider than the Zacks Consensus Estimate of a $0.15 loss and the $0.13 loss posted a year ago. The results also lagged revenue estimates. Shares are likely to face pressure on the wider-than-expected loss and year-over-year deterioration.

Ivanhoe Electric (IE) reported a quarterly loss of $0.19 per share, according to Zacks. The result compared with the Zacks Consensus Estimate of a loss of $0.15 per share.

The loss also widened from a year ago, when the company posted a loss of $0.13 per share.

Revenue

The results lagged revenue estimates, according to the report.

Key figures

  • Q3 loss per share: $0.19
  • Zacks Consensus Estimate: loss of $0.15 per share
  • Year-ago loss per share: $0.13

Context

The wider-than-expected loss and the year-over-year deterioration in per-share results come alongside the revenue miss.