DENVER (AP) _ Royal Gold Inc. (RGLD) on Wednesday reported fiscal third-quarter net income of $28.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Denver-based company said it had net income of 44 cents. Earnings, adjusted for non-recurring gains, came to 42 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The manager of precious metal royalties posted revenue of $109.8 million in the period.
Royal Gold shares have dropped slightly more than 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $84.45, a decrease of almost 5% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RGLD at https://www.zacks.com/ap/RGLD