Southern Copper Earnings Soar on Strong Metal Prices
Southern Copper Corporation (SCCO) reported second-quarter earnings per share of $2.01, exceeding the Zacks Consensus Estimate of $1.97.
The company's revenue surged to a quarterly record of $4.29 billion, up 40.6% year over year.
However, lower sales volumes for copper and its main products offset higher prices, resulting in revenues that missed the consensus estimate by 1.88%.