Investing.com - Pan American Silver reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pan American Silver announced earnings per share of $0.15 on revenue of $439.9M. Analysts polled by Investing.com anticipated EPS of $0.208 on revenue of $423.28M.
Pan American Silver shares are down 12% from the beginning of the year and are trading at $22.38 , down-from-52-week-high.They are outperforming the Nasdaq which is down 27.36% from the start of the year.
Pan American Silver shares gained 2.01% in after-hours trade the report.
Pan American Silver follows other major Materials sector earnings this month
Pan American Silver's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $0.93 on revenue of $10.81B, compared to forecasts EPS of $0.838 on revenue of $11.66B.
Sherwin-Williams had beat expectations on April 26 with first quarter EPS of $1.61 on revenue of $5B, compared to forecast for EPS of $1.54 on revenue of $4.91B.
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