Royal Gold (Nasdaq:RGLD) Misses Fourth-quarter Earnings

Royal Gold (Nasdaq:RGLD) reported earnings of $10.5 million, or 21 cents a share for the fourth quarter, an increase from $7.1 million, or 18 cents a share, in the same quarter last year.

That missed analysts' expectations of earnings per share of 24 cents.

Revenue for the quarter increased to $40.7 million, a record for Royal Gold, and was an 83 percent jump over the $22.3 million in revenue generated last year.

The overall fiscal year, which ended June 30, had Royal's revenue reaching $136.6 million, up from the $73.8 million generated in the full year 2009.

Net income for the year dropped to $21.5 million, or 49 cents a share, down from $38.3 million, or $1.09 a share, in fiscal 2009.

Most of that was related to the acquisition of International Royalty Corp. for $660 million.

Royal Gold generates revenue from royalties on precious metals.