Allied Nevada Gold Earnings: Here’s Why the Stock is Down Now
Allied Nevada Gold Corp (AMEX:ANV) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 9.97%.
Allied Nevada Gold Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 23.08% to $0.1 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Rose 25.41% to $49.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Allied Nevada Gold Corp reported adjusted EPS income of $0.1 per share. By that measure, the company beat the mean analyst estimate of $0.05. It missed the average revenue estimate of $82.08 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…