Wheaton Precious Metals Q1 Adj $0.36 Beats $0.31 Estimate, Sales $296.81M Beat $293.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wheaton Precious Metals (WPM) reported Q1 adjusted earnings of $0.36 per share, surpassing the $0.31 estimate, marking a 56.28% increase from last year. Sales reached $296.81M, exceeding the $293M forecast and showing a 38.39% increase from the previous year.

May 09, 2024 | 10:15 pm
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Wheaton Precious Metals reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $0.36 against a $0.31 estimate and sales of $296.81M against a $293M estimate.
The substantial beat on both earnings per share and sales estimates for Q1 indicates strong financial health and operational efficiency. This performance, especially being significantly higher than the same period last year, is likely to instill investor confidence and could lead to a positive short-term impact on WPM's stock price. The reported growth rates in earnings and sales further underscore the company's momentum, making it an attractive asset for investors.
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