Investing.com - MAG Silver reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MAG Silver announced earnings per share of $0.08 on revenue of $25.21M. Analysts polled by Investing.com anticipated EPS of $0.09 on revenue of $23.5M.
MAG Silver shares are down 45% from the beginning of the year and are trading at $15.87 , down-from-52-week-high.
MAG Silver shares lost 1.67% in intra-day trade the report.
MAG Silver follows other major Materials sector earnings this month
MAG Silver's report follows an earnings beat by Vale ADR on Thursday, October 27, 2022, who reported EPS of $0.98 on revenue of $9.93B, compared to forecasts EPS of $0.5594 on revenue of $10.15B.
Air Products had beat expectations on Thursday, November 3, 2022 with fourth quarter EPS of $2.89 on revenue of $3.57B, compared to forecast for EPS of $2.77 on revenue of $3.21B.
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