Pan American Silver Corp Q2 adjusted earnings Beat Estimates

Pan American Silver Corp (PAAS) reported earnings for its second quarter that increased from last year.

The company’s earnings totaled $36.70 million, or $0.24 per share. This compares with $36.01 million, or $0.23 per share, in last year’s second quarter.

Excluding items, Pan American Silver Corp reported adjusted earnings of $35.43 million or $0.23 per share for the period.

Analysts had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.5% to $216.46 million from $201.32 million last year.

Pan American Silver Corp earnings at a glance:

-Earnings (Q2): $35.43 Mln. vs. $22.27 Mln. last year.
-EPS (Q2): $0.23 vs. $0.15 last year.
-Analysts Estimate: $0.14
-Revenue (Q2): $216.46 Mln vs. $201.32 Mln last year.

by RTTNews Staff Writer

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