Royal Gold (RGLD) Misses Q1 EPS by 14c, Revenues Miss
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Royal Gold Reports First Quarter 2019 Results
October 31, 2018 5:05 PM EDTDENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, Royal Gold or the Company, we or our) reports net income of $15.0 million, or ($0.23 per share), on revenue of $100.0 million in its fiscal first quarter ended September 30, 2018 (first quarter). Earnings were primarily impacted by lower sales as previously guided, lower metal prices, higher legal expenses and the adoption of new accounting guidance for equity securities.
First Quarter Highlights Compared to Prior Year Quarter:
Revenue of $100.0 million, a decrease of 11.1% Operating cash flow of $44.6 million, a decrease of 37.7%... More