Royal Gold (RGLD) Misses Q2 EPS by 1c, Miss on Revenues

Royal Gold (NASDAQ: RGLD) reported Q2 EPS of $0.41, $0.01 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $114 million versus the consensus estimate of $116.15 million.

Second quarter reported earnings reflected the impact of recently enacted U.S. tax legislation and a non-cash functional currency election. Absent these impacts, adjusted net income1 was $28 million, or $0.41 per share, up 16% from the prior year quarter.

Second Quarter Highlights Compared to Prior Year Quarter:

• Revenue of $114 million, an increase of 7%
• Operating cash flow of $76 million, an increase of 8%
• Volume of 89,700 GEOs,2 an increase of 2%
• Dividends paid of $16 million, an increase of 5%
• Repaid an additional $50 million on revolving credit facility
• Average gold price of $1,275, an increase of 4%

For earnings history and earnings-related data on Royal Gold (RGLD) click here.

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