Amended: HudBay Minerals Inc. Q4 Profit Decreases

(RTTNews) - HudBay Minerals Inc. (HBM, HBM.TO) released earnings for fourth quarter that decreased from the same period last year.

The company's bottom line came in at $21.2 million, or $0.05 per share. This compares with $30.7 million, or $0.10 per share, last year.

Excluding items, HudBay Minerals Inc. reported adjusted earnings of $70.3 million or $0.18 per share for the period.

Analysts on average had expected the company to earn $0.23 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 2.9% to $584.9 million from $602.2 million last year.

HudBay Minerals Inc. earnings at a glance (GAAP) :

-Earnings: $21.2 Mln. vs. $30.7 Mln. last year. -EPS: $0.05 vs. $0.10 last year. -Revenue: $584.9 Mln vs. $602.2 Mln last year. (Amended: Corrects analysts' estimates)