Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why A-Mark Precious Metals Stock Is Sinking Today

TheMotleyFool

0 0

Why A-Mark Precious Metals Stock Is Sinking Today: https://g.foolcdn.com/editorial/images/719759/gold-bars-next-to-an-investment-chart.jpg

Shares of A-Mark Precious Metals (NASDAQ: AMRK) tumbled more than 13% by 12:15 p.m. ET on Tuesday. Weighing on the precious metals stock was its fiscal second-quarter results.

A-Mark Precious Metals reported $1.95 billion of revenue for its fiscal second quarter, which was in line with the analysts' consensus estimate. Revenue was 0.2% above the year-ago tally and 3% higher than the sequential quarter.

However, the company's earnings per share came in at $1.35, which missed analysts' expectations by $0.05 per share. While that was up 4% from the year-ago period, it was 16% below the prior quarter.

Source Fool.com

Like: 0

AMRK

Share