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Lucara Diamond First Quarter 2024 Earnings: US$0.017 loss per share (vs US$0.002 profit in 1Q 2023)

Lucara Diamond (TSE:LUC) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$41.1m (down 3.8% from 1Q 2023).

  • Net loss: US$7.94m (down from US$954.0k profit in 1Q 2023).

  • US$0.017 loss per share (down from US$0.002 profit in 1Q 2023).


All figures shown in the chart above are for the trailing 12 month (TTM) period

Lucara Diamond Earnings Insights

Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 4.4% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Lucara Diamond that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.