DENVER (AP) — DENVER (AP) — Royal Gold Inc. (RGLD) on Wednesday reported second-quarter earnings of $81.2 million.

The Denver-based company said it had profit of $1.23 per share. Earnings, adjusted for pretax expenses and non-recurring costs, were $1.25 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The manager of precious metal royalties posted revenue of $174.1 million in the period.

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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