B2Gold (BTG) saw its stock price plummet 5.21% in after-hours trading on Wednesday following the release of its third-quarter earnings report. The gold mining company's financial results fell short of analysts' expectations, disappointing investors and triggering a sell-off.

The company reported quarterly earnings of $0.14 per share, missing the analyst consensus estimate of $0.16 by 12.5%. On the revenue front, B2Gold posted quarterly sales of $782.948 million, which fell short of the expected $882.207 million by 11.25%. The significant misses on both earnings and revenue likely contributed to the sharp decline in the stock's value.

Despite the negative market reaction, it's worth noting that B2Gold's performance showed substantial year-over-year improvement. The reported earnings of $0.14 per share represent a 600% increase from the $0.02 per share earned in the same period last year. Similarly, sales surged by 74.68% compared to the $448.229 million reported in the previous year's quarter. However, the failure to meet current market expectations appears to have overshadowed these year-over-year gains in the eyes of investors.