DENVER (AP) — DENVER (AP) — Royal Gold Inc. (RGLD) on Wednesday reported second-quarter earnings of $81.2 million.
The Denver-based company said it had profit of $1.23 per share. Earnings, adjusted for pretax expenses and non-recurring costs, were $1.25 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The manager of precious metal royalties posted revenue of $174.1 million in the period.
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