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EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — A-Mark Precious Metals Inc. (AMRK) on Tuesday reported fiscal third-quarter net income of $5 million.
The El Segundo, California-based company said it had net income of 21 cents per share. Earnings, adjusted for non-recurring costs, came to 49 cents per share.
The precious metals trading company posted revenue of $2.61 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.18 billion.
A-Mark shares have risen 33% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.34, a climb of 10% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMRK at https://www.zacks.com/ap/AMRK