Investing.com - Royal Gold (NASDAQ:RGLD) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Royal Gold announced earnings per share of $0.80 on revenue of $142.00. Analysts polled by Investing.com anticipated EPS of $0.78 on revenue of $152.86M.
Royal Gold shares are down 9% from the beginning of the year, still down 35.82% from its 52 week high of $147.70 set on April 11.
Royal Gold follows other major Materials sector earnings this month
Royal Gold's report follows an earnings beat by PPG Industries on Monday, who reported EPS of $1.86 on revenue of $4.58B, compared to forecasts EPS of $1.83 on revenue of $4.57B.
RPM had beat expectations on October 5 with first quarter EPS of $1.47 on revenue of $1.93B, compared to forecast for EPS of $1.33 on revenue of $1.89B.
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