VANCOUVER, British Columbia (AP) _ Goldcorp Inc. (GG) on Wednesday reported first-quarter net income of $ 80 million, after reporting a loss in the same period a year earlier.
The Vancouver, British Columbia-based company said it had profit of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The gold mining company posted revenue of $ 944 million in the period.
Goldcorp shares have increased 54 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $ 17.86, a fall of nearly 7 percent in the last 12 months.
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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 GG at http://www.zacks.com/ap/GG
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Keywords: Goldcorp, Earnings Report
