03:09 PM EDT, 08/04/2017 (MT Newswires) -- First Majestic Silver (AG) fell 17.4% Friday's afternoon trade after the company reported financial results for Q2, with both top and bottom lines falling short of analysts' expectations.

The mining company posted adjusted loss of $0.02 per share, compared with the prior-year period's $0.04 earnings per share. Analysts polled by Capital IQ were expecting EPS of $0.04.

Revenue was $60.1 million, down 13% from $66.1 million in the same quarter last year. The single analyst estimate is for revenue of $77.6 million.

Silver equivalent production decreased 9% to 3.9 million ounces in the quarter, while silver production decreased 16% to 2.3 million ounces.

Price: 6.39, Change: -1.30, Percent Change: -16.91