Investing.com - Pan American Silver (NASDAQ:PAAS) reported on Tuesday third 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 $460.35M. Analysts polled by Investing.com anticipated EPS of $0.3456 on revenue of $461.86M.
Pan American Silver shares are down 22% from the beginning of the year, still down 32.42% from its 52 week high of $39.61 set on February 1. They are under-performing the Nasdaq which is up 23.26% 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 missed by Vale ADR on October 29, who reported EPS of $0.76 on revenue of $12.68B, compared to forecasts EPS of $1.09 on revenue of $13.89B.
Freeport-McMoran had beat expectations on October 21 with third quarter EPS of $0.89 on revenue of $6.08B, compared to forecast for EPS of $0.8088 on revenue of $6.18B.
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