Investing.com - Pan American Silver (NASDAQ:PAAS) 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 $0.18 on revenue of $368.1M. Analysts polled by Investing.com anticipated EPS of $0.2958 on revenue of $445.85M.
Pan American Silver shares are down 3% from the beginning of the year, still down 16.77% from its 52 week high of $40.08 set on August 6, 2020. They are under-performing the Nasdaq which is up 1.11% from the start of the year.
Pan American Silver shares lost 3.87% in after-hours trade following the report.
Pan American Silver follows other major Basic Materials sector earnings this month
Pan American Silver's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.04 on revenue of $12.93B.
Sherwin-Williams had beat expectations on April 27 with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.52B.
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