Investing.com - Pan American Silver (NASDAQ:PAAS) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pan American Silver announced earnings per share of $0.22 on revenue of $382.1M. Analysts polled by Investing.com anticipated EPS of $0.3433 on revenue of $450.53M.
Pan American Silver shares are down 26% from the beginning of the year, still down 36.30% from its 52 week high of $39.61 set on February 1. They are under-performing the Nasdaq which is up 14.74% 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 Vale ADR on July 29, who reported EPS of $1.48 on revenue of $16.68B, compared to forecasts EPS of $1.44 on revenue of $16.83B.
Sherwin-Williams had missed expectations on July 27 with second quarter EPS of $2.65 on revenue of $5.38B, compared to forecast for EPS of $2.67 on revenue of $5.39B.
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