Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) seems to perform so well that even when they do great, they can miss expectations like they did in the second quarter.
In the latest reporting period Silver Wheaton generated income of $53.3 million, or 15 cents a share. Analysts had been looking for 16 cents a share.
Last year in the same quarter they earning $18.4 million, or 7 cents a share.
Revenue was the opposite, as they were able to slightly beat expectations there, coming in at $95 million, with analysts expecting $94.28 million. Last year revenue reached $41.4 million.
Going forward, CEO Peter Barnes said, "With Goldcorp's Penasquito mine in Mexico, the first of our cornerstone assets, continuing to ramp up silver production ahead of schedule, we look forward to an even stronger second half to the year and maintain our annual attributable silver equivalent production guidance of 23.5 million ounces."
Barnes once again, and rightly, pointed to the advantage of the business model Silver Wheaton uses, which includes "low fixed operating costs."
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