Endeavour Silver's stock plummeted 5.13% during intraday trading on Friday, following the release of its fourth-quarter financial results.
The decline came after the silver mining company reported quarterly adjusted earnings of $0.02 per share, which significantly missed analyst consensus estimates. Depending on the exchange, the miss ranged from 66.67% to 77.78% compared to expectations of $0.06 to $0.09 per share.
While the company's quarterly sales of $172.6 million represented a substantial 309% increase over the same period last year, this figure still fell short of analyst estimates by 5.76% to 24.29%. The earnings disappointment, despite strong year-over-year revenue growth, appears to have driven the stock's downward movement.