Shares of Pan American Silver Spike on Earnings Surprise

Shares of Pan American Silver Spike on Earnings Surprise

Shares of Pan American Silver (NASDAQ: PAAS) are up 12.5% as of 12:00 p.m. EDT today after the company posted better-than-expected revenue and earnings for the second quarter.

Pan American reported earnings adjusted for non-recurring gains of $0.15 per share, which were well above analyst estimates from Zacks of $0.09 per share in adjusted earnings. Pan American's $201 million in revenue also beat expectations of $189 million.

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Source: Fool.com