Investing.com - Pan American Silver (NASDAQ:PAAS) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pan American Silver announced earnings per share of $-0.03 on revenue of $340.47M. Analysts polled by Investing.com anticipated EPS of $0.1477 on revenue of $415.37M.
Pan American Silver shares are down 15% from the beginning of the year, still down 31.02% from its 52 week high of $30.56 set on April 18. They are outperforming the Nasdaq which is down 17.83% from the start of the year.
Pan American Silver follows other major Materials sector earnings this month
Pan American Silver's report follows an earnings matched by Air Liquide ADR on July 28, who reported EPS of $0.5406 on revenue of $7.43B, compared to forecasts EPS of $0.5406 on revenue of $7.32B.
Vale ADR had beat expectations on July 28 with second quarter EPS of $1.32 on revenue of $11.16B, compared to forecast for EPS of $0.8013 on revenue of $11.38B.
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