Investing.com - Royal Gold reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Royal Gold announced earnings per share of $0.80 on revenue of $142.00. Analysts polled by Investing.com anticipated EPS of $0.78 on revenue of $152.86M.
Royal Gold shares are down 9% from the beginning of the year , still down 35.82% from its 52 week high of $147.70 set on Monday, April 11, 2022.
Royal Gold follows other major Materials sector earnings this month
Royal Gold's report follows an earnings beat by PPG Industries on Monday, who reported EPS of $1.86 on revenue of $4.58B, compared to forecasts EPS of $1.83 on revenue of $4.57B.
RPM had beat expectations on Wednesday, October 5, 2022 with first quarter EPS of $1.47 on revenue of $1.93B, compared to forecast for EPS of $1.33 on revenue of $1.89B.
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