Royal Gold Inc. (RGLD) reported a substantial increase in its third-quarter profits, surpassing analysts' expectations. The company posted earnings of $96.2 million, equivalent to $1.46 per share, compared to $49.3 million, or $0.75 per share, during the same period last year. Excluding certain items, Royal Gold's adjusted earnings for the quarter reached $96.6 million, or $1.47 per share.
Market analysts, as surveyed by Thomson Reuters, had anticipated earnings of $1.32 per share, typically excluding special items in their estimates. In terms of revenue, the company experienced a significant growth of 39.8%, with quarterly revenues climbing to $193.8 million from $138.6 million the previous year.
A quick snapshot of Royal Gold Inc.'s third-quarter performance under Generally Accepted Accounting Principles (GAAP) reveals the following:
- Earnings for Q3 reached $96.2 million, up from $49.3 million in the prior year.
- Earnings per share (EPS) for Q3 were $1.46, compared to $0.75 a year earlier.
- Revenue for Q3 increased to $193.8 million from $138.6 million in the previous year.
