Equinox Gold Corp. (EQX) saw its stock plummet 5.71% in the 24-hour trading period following the release of its disappointing first-quarter financial results. The significant drop comes as the company reported earnings and revenue figures that fell short of analyst expectations.

According to the earnings report, Equinox Gold posted an adjusted loss of $0.08 per share for the first quarter, missing the analyst consensus estimate of $0.15 per share by a staggering 153.33%. This represents a considerable decline from the same period last year when the company reported a loss of $0.04 per share. The wider-than-expected loss likely contributed to investor concerns about the company's profitability.

Adding to the disappointing results, Equinox Gold's quarterly sales came in at $423.70 million, falling short of the analyst consensus estimate of $434.00 million by 2.37%. Despite missing expectations, it's worth noting that this figure still represents a substantial 75.59% increase over the $241.30 million in sales reported for the same period last year. However, the failure to meet market expectations appears to have overshadowed this year-over-year growth, leading to the sharp decline in the company's stock price.