Pan American Silver Corp (PAAS) reported Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.
The company's bottom line totaled -$68.0 million, or -$0.19 per share. This compares with -$172.7 million, or -$0.82 per share, in last year's fourth quarter.
Excluding items, Pan American Silver Corp reported adjusted earnings of -$16.3 million or -$0.04 per share for the period.
Analysts on average had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 78.4% to $669.6 million from $375.4 million last year.
Pan American Silver Corp earnings at a glance (GAAP) :
-Earnings (Q4): -$68.0 Mln. vs. -$172.7 Mln. last year.
-EPS (Q4): -$0.19 vs. -$0.82 last year.
-Analyst Estimates: $0.10
-Revenue (Q4): $669.6 Mln vs. $375.4 Mln last year.
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