Investing.com - Pan American Silver reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pan American Silver announced earnings per share of $0.34 on revenue of $300.4M. Analysts polled by Investing.com anticipated EPS of $0.39 on revenue of $399.94M.
Pan American Silver shares are up 35% from the beginning of the year and are trading at $32.11 , down-from-52-week-high.They are outperforming the Nasdaq which is up 29.18% from the start of the year.
Pan American Silver follows other major Basic Materials sector earnings this month
Pan American Silver's report follows an earnings beat by Sherwin-Williams on October 27, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.79 on revenue of $5.07B.
Vale ADR had missed expectations on October 28 with third quarter EPS of $0.63 on revenue of $10.76B, compared to forecast for EPS of $0.64 on revenue of $10.81B.
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