VANCOUVER, British Columbia (AP) _ New Gold Inc. (NGD) on Tuesday reported second-quarter profit of $ 9.4 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring gains, were less than 1 cent on a per-share basis.
The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The gold mining company posted revenue of $ 167.7 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $ 2.12. A year ago, they were trading at $ 6.54.
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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 NGD at http://www.zacks.com/ap/NGD
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Keywords: New Gold, Earnings Report
