Yamana Gold (NYSE:AUY) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Yamana Gold announced earnings per share of $0.05 on revenue of $356.5M. Analysts polled by anticipated EPS of $0.03 on revenue of $373M. That with comparison to EPS of $0.02 on revenue of $407.1M in the same period a year before. Yamana Gold had reported EPS of $0.03 on revenue of $383.8M in the previous quarter. Analysts are expecting EPS of $0.03 and revenue of $366.3M (NYSE:MMM) in the upcoming quarter.
Yamana Gold shares are down 2% from the beginning of the year , still down 2.83% from its 52 week high of $4.95 set on April 23. They are outperforming the S&P 500 which is down 9.4% year to date.
Yamana Gold shares gained 1.46% in pre-market trade following the report.
Yamana Gold follows other major Basic Materials sector earnings this month
Yamana Gold's report follows an earnings missed by Air Products on April 23, who reported EPS of $2.04 on revenue of $2.22B, compared to forecasts EPS of $2.08 on revenue of $2.16B.
Sherwin-Williams had beat expectations on Wednesday with first quarter EPS of $4.08 on revenue of $4.15B, compared to forecast for EPS of $3.92 on revenue of $4.13B.
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