A-Mark Precious Metals: Q2 Earnings Insights

Shares of A-Mark Precious Metals AMRK were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 582.35% year over year to $1.16, which beat the estimate of $1.03.

Revenue of $1,519,000,000 up by 43.84% year over year, which beat the estimate of $1,430,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

A-Mark Precious Metals hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Feb 09, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/fhji8xio

Technicals

52-week high: $37.60

Company's 52-week low was at $7.75

Price action over last quarter: Up 8.09%

Company Description

A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Trading and Ancillary Services; Secured Lending and Direct Sales. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises of a business unit such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of revenue from the United States.