12:04 PM EDT, 05/14/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

HudBay Minerals ( HBM ) shares rose 11% in recent Tuesday trading after the company reported better-than-expected quarterly results.

In Q1, adjusted earnings were $0.16 per diluted share, compared with breakeven a year earlier, the company said Tuesday.

Analysts polled by Capital IQ expected $0.04.

Revenue in the quarter ended March 31 rose to $525 million from $295.2 million a year earlier.

Four analysts surveyed by Capital IQ expected $455.9 million.

Price: 9.74, Change: +0.94, Percent Change: +10.74