Why Shares of Turquoise Hill Resources Are Sliding Today
Failing to meet top- and bottom-line estimates, Turquoise Hill (NYSE: TRQ) reported third-quarter 2021 earnings yesterday after the market closed, and investors, unhappy with the results, are sending the stock spiraling down today. While analysts expected the copper producer to report revenue of $673.2 million and earnings per share (EPS) of $0.92, the company booked sales of $622.8 million and EPS of $0.17.
As of 12:35 p.m. EDT, shares of Turquoise Hill have plunged 21%.
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Source Fool.com
