Thompson Creek Q2 results "worse than expected' - RBC Capital Markets

The second quarter results release for US-based copper-molybdenum-gold producer was “worse than expected” and is likely to have a negative impact on the company’s stocks, according to a note from RBC Capital Markets.

“The results were worse than expected [because of] lower revenues and slightly higher costs than we were anticipating,” analysts at RBC said in a note. In the second quarter, the company posted a net income of $300,000, an improvement on a loss of $87.2 million in the preceding quarter, but markedly down from a profit of $61.6 million in the prior year period. Losses for the first half of 2015...

Published

Claire Hack

August 10, 2015

04:11 GMT

New York