Shares of Equinox Gold Corp. (EQX) plunged 7.61% in pre-market trading on Thursday, following the release of the company's disappointing first-quarter financial results. The gold miner's earnings and revenue figures fell short of analyst expectations, sparking concerns among investors about the company's near-term profitability.

According to the earnings report, Equinox Gold posted an adjusted loss of $0.08 per share for the first quarter, significantly missing the analyst consensus estimate of $0.15 per share. This represents a 153.33% negative surprise and a substantial decline from the $0.04 per share loss reported in the same period last year. The company's quarterly sales came in at $423.70 million, falling short of the analyst consensus estimate of $434.00 million by 2.37%.

Despite the earnings miss, it's worth noting that Equinox Gold's Q1 revenue still showed strong year-over-year growth, increasing by 75.59% compared to the $241.30 million reported in the same quarter last year. However, this impressive top-line growth appears to have been overshadowed by the company's failure to meet market expectations on both earnings and revenue fronts, leading to the sharp pre-market sell-off. Investors will likely be watching closely for any guidance or commentary from management regarding the company's path to profitability and strategies to address the earnings shortfall in the coming quarters.