Stock Track | B2Gold Plunges 10.59% in Post-Market Session After Q4 Earnings and Sales Miss Estimates
Stock Track
4 hours ago
B2Gold's stock experienced a sharp decline of 10.59% during post-market trading on Wednesday, reflecting a significant downturn for the gold producer.
The plunge occurred after the company reported its fourth-quarter financial results, which revealed both earnings and revenue fell short of analyst consensus estimates. B2Gold posted adjusted earnings per share of $0.11, missing expectations that ranged from $0.18 to $0.21, while quarterly sales of $1.054 billion also came in below forecasts between $1.102 billion and $1.172 billion.
Despite showing considerable year-over-year growth in both metrics, the failure to meet market projections likely drove the negative investor sentiment and the subsequent stock price drop.
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