Investing.com - Pan American Silver reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pan American Silver announced earnings per share of $-0.04 on revenue of $358.4M. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $373.62M. That with comparison to EPS of $0.05 on revenue of $232.64M in the same period a year before.Pan American Silver had reported EPS of $0.33 on revenue of $404.38M in the previous quarter.Analysts are expecting EPS of $0.09 and revenue of $307.38M in the upcoming quarter.
Pan American Silver shares are down 9% from the beginning of the year and are trading at $21.54 , down-from-52-week-high.They are under-performing the Nasdaq which is down 2.05% year to date.
Pan American Silver follows other major Basic Materials sector earnings this month
Pan American Silver's report follows an earnings missed by Newmont Goldcorp on Tuesday, who reported EPS of $0.4 on revenue of $2.58B, compared to forecasts EPS of $0.42 on revenue of $2.71B.
Air Products had missed expectations on April 23 with second quarter EPS of $2.04 on revenue of $2.22B, compared to forecast for EPS of $2.08 on revenue of $2.16B.
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