Agnico Eagle Mines (AEM) Q3 Earnings and Revenues Beat Estimates

What happened: Agnico Eagle Mines (AEM) reported quarterly earnings of $2.61 per share and revenues of $3.58 billion, both above Zacks Consensus Estimates. Key numbers: EPS $2.61 vs. estimate $2.47, a +5.67% surprise; year-ago EPS $2.16. Revenue $3.58 billion vs. estimate beat of 0.89%; year-ago revenue $3.06 billion. Shares up about 6.6% year to date vs. S&P 500 gain of 12.8%. Zacks Rank #4 (Sell). Why it matters: Estimate revisions trend was unfavorable ahead of the release, translating into a Zacks Rank #4 (Sell), and the shares are expected to underperform the market in the near future. Coverage: 7 outlets in 24h

Agnico Eagle Mines (AEM) reported quarterly earnings of $2.61 per share and revenues of $3.58 billion, both above Zacks Consensus Estimates.

Estimate revisions trend was unfavorable ahead of the release, translating into a Zacks Rank #4 (Sell), and the shares are expected to underperform the market in the near future.