U.S. Silica rises on Q2 results beat

US Silica Holdings

29/07/2022 16:00

** Shares of frac sand miner U.S. Silica Holdings Inc
 SLCA.N  up 21.7% at $14.89 
    ** Co posts Q2 adj. EPS of $0.32, higher than analysts'
expectation of $0.12 - Refinitiv data  urn:newsml:reuters.com:*:nPn71XBh0a 
    ** Co's Q2 revenue rises 22% to $388.5 mln, beating
analysts' expectation of $345 mln 
    ** Says it experienced strong customer demand during quarter
and increased prices across both its business units to fight
inflation 
    ** As of last close, SLCA was up 55.9% YTD 

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))