Dominion Diamond Corp (DDC) Releases Earnings Results, Misses Expectations By $-0.23 EPS

Dominion Diamond Corp (DDC) announced its most recent quarterly financial results on Thursday, Sep-8-2016. DDC reported $-0.39 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $-0.16. The company posted revenue of $160.00 million in the period. DDC’s revenue was down -23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.21 EPS.

Many Wall Street Analysts have commented on Dominion Diamond Corp. Shares were Downgraded by RBC Capital Mkts on Jun 13, 2016 to ” Sector Perform” and Lowered the Price Target to $ 11 from a previous price target of $13 .

Dominion Diamond Corp closed down -0.11 points or -1.24% at $8.75 with 276,140 shares getting traded on Wednesday. Post opening the session at $8.83, the shares hit an intraday low of $8.73 and an intraday high of $8.8801 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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