Royal Gold: Fiscal 2Q Earnings Snapshot
DENVER (AP) _ Royal Gold Inc. (RGLD) on Wednesday reported fiscal second-quarter net income of $23.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Denver-based company said it had net income of 36 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The manager of precious metal royalties posted revenue of $97.6 million in the period.
Royal Gold shares have risen 2.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $87.81, a climb of 7 percent in the last 12 months.