06:32 AM EDT, 05/14/2024 (MT Newswires) -- HudBay Minerals ( HBM ) reported Q1 adjusted earnings Tuesday of $0.16 per diluted share, up from breakeven a year earlier.

Analysts polled by Capital IQ expected $0.04.

Revenue for the quarter ended March 31 was $525 million, up from $295.2 million a year earlier.

Four analysts surveyed by Capital IQ expected $455.9 million.

The company's shares were up more than 2% in recent Tuesday premarket activity.

Price: 8.99, Change: +0.19, Percent Change: +2.16