Turquoise Hill Resources Ltd (TRQ) Reports In-Line Q2 EPS

Turquoise Hill Resources Ltd (NYSE: TRQ) reported Q2 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $329.7 million versus the consensus estimate of $316.13 million.

Operating cash flows before interest and taxes in Q2'16 were $161.6 million compared with $239.2 million in Q2'15, reflecting the impact of reduced gold production and sales in concentrates. Capital expenditure on property, plant and equipment was $53.3 million on a cash basis in Q2'16, attributed to both underground pre-start and sustaining capital activities.

Turquoise Hill's cash and cash equivalents at June 30, 2016 were approximately $1.5 billion.

For earnings history and earnings-related data on Turquoise Hill Resources Ltd (TRQ) click here.

You May Also Be Interested In

• Seagate Technology (STX) Tops Q3 EPS by 4c; offers Q4 guidance
• Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
• Nanophase Technologies Corp (NANX) Reports Q1 EPS of $0.01