Royal Gold (RGLD) Tops Q1 EPS by 1c, Revenues Miss
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Royal Gold Reports First Quarter 2020 Results
November 6, 2019 4:30 PM ESTDENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, Royal Gold or the Company, we or our) reports net income of $70.5 million, or $1.07 per share, on revenue of $118.8 million in its fiscal first quarter ended September 30, 2019 (first quarter). First quarter net income included discrete income tax benefits of $32.3 million, or $0.49 per share, primarily related to Swiss tax reform, and a loss on changes in fair value of equity securities of $1.4 million, or $0.02 per share net of tax. Net income excluding these items was $39.3 million, or $0.60 per share, net of tax.
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