A-Mark Precious Metals Reports Q2 Earnings, Revenue Exceeds Expectations
EL SEGUNDO, Calif. – A-Mark Precious Metals Inc. (AMRK) announced fiscal second-quarter earnings of $6.6 million, or 27 cents per diluted share. Excluding non-recurring charges, adjusted earnings were 55 cents per share.
The El Segundo, California-based company recorded revenue of $2.74 billion for the quarter, surpassing analysts' estimates of $2.66 billion.
A-Mark's shares have risen slightly over 3% year-to-date. On Thursday, they closed at $28.30, representing a 4% gain over the past year.