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.

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