Pan American Silver Q2 Adj EPS $0.04 Misses $0.08 Estimate, Sales $639.90M Beat $630.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pan American Silver (NASDAQ:PAAS) reported Q2 adjusted earnings of $0.04 per share, missing the analyst consensus estimate of $0.08 by 50%. However, the company's quarterly sales of $639.90 million beat the analyst consensus estimate of $630.32 million by 1.52%. This represents a 233.33% increase in earnings and a 87.95% increase in sales compared to the same period last year.
August 09, 2023 | 9:05 pm
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NEUTRAL IMPACT
Pan American Silver's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Pan American Silver's earnings miss could negatively impact the stock price, but this may be offset by the better-than-expected sales. The overall impact on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100