Shares of Taseko Mines (TGB) tumbled 5.01% in after-hours trading on Wednesday following the release of its third-quarter financial results. The company's earnings fell short of analyst expectations, despite reporting increased revenue compared to the same period last year.

Taseko Mines reported adjusted earnings per share of $0.01, missing the analyst consensus estimate of $0.03 by 66.67%. This represents a 50% decrease from the $0.02 per share earned in the same quarter of the previous year. While the company's sales rose to $126.313 million, marking a 10.73% increase from $114.071 million in the year-ago period, the revenue figure still fell short of analysts' projections of C$179.6 million.

The disappointing earnings results, coupled with revenue that failed to meet market expectations, likely contributed to the sharp decline in Taseko's stock price during after-hours trading. Investors appear to be reassessing the company's near-term prospects in light of these financial figures, despite the year-over-year revenue growth.