Ardent Mines Limited (ADNT) Tops Q3 EPS by 2c, Slight Miss on Revenues

Ardent Mines Limited (NYSE: ADNT) reported Q3 EPS of $2.52, $0.02 better than the analyst estimate of $2.50. Revenue for the quarter came in at $4.02 billion versus the consensus estimate of $4.12 billion.

• GAAP net income and EPS diluted increased to $204 million and $2.17, respectively; adjusted-EPS diluted up 4% to $2.52
• Adjusted-EBIT expanded to $336M (margin of 8.4%)
• Cash and cash equivalents of $669 million at June 30, 2017
• Gross debt and net debt of $3,399 million and $2,730 million, respectively, at June 30, 2017
• Repurchased ~0.6M shares of common stock for approximately $40M; paid $26M in quarterly dividends

For earnings history and earnings-related data on Ardent Mines Limited (ADNT) click here.

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