- Pan American Silver beats 3Q profit forecasts
VANCOUVER, British Columbia (AP) _ Pan American Silver Corp. (PAAS) on Wednesday reported third-quarter earnings of $17.8 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 11 cents. Earnings, adjusted for non-recurring costs, were 15 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The silver mining company posted revenue of $190.8 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $203.8 million.
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