Boston, MA 06/04/2014 (wallstreetpr) – According to the senior leadership at Hecla Mining Company (NYSE:HL), the company expects its operations in Greens Greek to change its fortunes positively over the next couple of years. The company’s CEO Phil Baker recently observed that the Greens Geek is one of the best mines he has seen for the 13 years with Hecla (NYSE:HL). The mine accounted for about 72 percent of the company’s total 1Q2014 silver production, and more is still expected from it.
Hecla (NYSE:HL) expects silver production between 6.5 and 7 million ounces this year and gold production target is 55,000 ounces at the Greens Geek mine.
It is easy to see the optimism expressed by the leadership of Hecla (NYSE:HL) by looking at the company’s most recent quarter results. The company earned $0.01 per share, meeting the consensus estimate. Revenue for the quarter was $125.80 million, ahead of $124.20 million consensus estimate. Revenue was up more than 64 percent on a year-over-year basis.
Ciena Corporation (NYSE:CIEN) is expected to unveil its 2Q2014 financial results on Thursday, June 5. Analysts expect the company to report better top line performance than in the previous quarter. The company expected to declare earnings per share of $0.13 on revenue of $559.18 million. Ciena (NYSE:CIEN) reported $0.13 per share in 1Q2014, beating the consensus estimate of $0.06. Revenue in the previous quarter was $533.70 million, yet analysts expected revenue of $533.75 million in the previous quarter. The company’s top-line has shown encouraging growth in the recent past on a year-over-year basis.
All is not well with the Long Island software company CA, Inc. (NASDAQ:CA). First, the company dropped off the prestigious Fortune 500 list in this year’s ranking. The company dropped from No. 499 in 2013 to No. 529 this year. The drop was occasioned by the company’s lackluster performance in 2013 during which its revenue fell 3.9 percent to $4.6 billion in 2013.
On top of a lost position in Fortune 500 list of 2014 top companies in the U.S., CA, Inc. (NASDAQ:CA) is also facing damaging accusations that it overcharged the government by withholding discounts to agencies while it extended the same to commercial customers. The company is said to have overcharged the government by as much as $100 million since 2006.
