Dominion Diamond Corp (DDC) Releases Earnings Results, Misses Expectations By $-0.52 EPS

Dominion Diamond Corp (DDC) reported quarterly earnings results on Wednesday, Apr-13-2016. The company reported $-0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.52. Analysts had a consensus of $0.11. The company posted revenue of $178.10 million in the period, compared to analysts expectations of $178.10 million. The company’s revenue was down -26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

Dominion Diamond Corp opened for trading at $11.71 and hit $12.21 on the upside on Monday, eventually ending the session at $12.05, with a gain of 2.12% or 0.25 points. The heightened volatility saw the trading volume jump to 4,99,729 shares. Company has a market cap of $1,028 M.

Dominion Diamond Corporation is focused on the mining and marketing of rough diamonds to the global market. The Company has ownership interests in the Diavik and the Ekati group of mineral claims. The Diavik Joint Venture is an unincorporated joint arrangement between Diavik Diamond Mines (2012) Inc. (DDMI) and Dominion Diamond Diavik Limited Partnership (DDDLP) where DDDLP holds an undivided 40% ownership interest in the assets liabilities and expenses of the Diavik Diamond Mine. DDMI is the operator of the Diavik Diamond Mine. The Ekati Diamond Mine consists of the Core Zone which includes the current operating mine and other permitted kimberlite pipes as well as the Buffer Zone an adjacent area hosting kimberlite pipes having both development and exploration potential. The Company owns an 88.9% interest in the Core Zone and a 65.3% interest in the Buffer Zone. The Company controls and consolidates the Ekati Diamond Mine.

Dominion Diamond Corp

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