Pan American Silver Q1 Adj $0.01 Beats $(0.04) Estimate, Sales $601.40M Beat $586.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pan American Silver (NYSE:PAAS) reported Q1 earnings of $0.01 per share, surpassing the $(0.04) estimate, and sales of $601.40M, exceeding the $586.33M estimate. This represents a 90% decrease in earnings per share and a 54.09% increase in sales compared to the same period last year.
May 08, 2024 | 9:35 pm
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Pan American Silver reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $0.01 against a $(0.04) estimate and sales reaching $601.40M against a $586.33M estimate.
Beating both earnings and sales estimates significantly, especially in a challenging economic environment, is likely to be viewed positively by investors. The substantial increase in sales year-over-year indicates strong operational performance and demand for the company's products, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100